Bulgaria's former Finance Minister, Plamen Oresharski, said Thursday that the former government could not account for the emergence of a budget deficit in July.

During his meeting with his successor, Simeon Djankov, and the Prime Minister, Boyko Borisov, that was called to settle the controversy over how the deficit in July appeared, Oresharski said there was no way the Stanishev government could provide data for the month of July, it could only have had forecasts.

Oresharski stated he could not be held accountable for any deficit that appeared in the month of July.

The Stanishev government stepped down in the middle of July, after its major party, the BSP, lost the July 5 Parliamentary Elections to the GERB party. Finance Ministry data showed Wednesday that after the first seven months of 2009 Bulgaria already has a budget deficit of BGN 372 M (BGN 550 M for July only); towards July 17, the deficit was already BGN 202 M.

Oresharski repeated before Djankov and Borisov the June data, saying again he left the state budget with a surplus of BGN 178 M (slight correction of the previously known figure of BGN 173 M).

"This is a literary question," Oresharski said when asked if the state budget situation that he left for the new government was good or bad.

In his words, the state budget was formed in a way that allowed the new government to make the necessary adjustments.

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