Bulgaria's Outgoing PM Downplays Budget Update Affair

Business » FINANCE | July 30, 2014, Wednesday // 16:25| Views: | Comments: 0
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Bulgaria: Bulgaria's Outgoing PM Downplays Budget Update Affair Plamen Oresharski has mainained the issue is of no urgency. Photo by BGNES

There is nothing "spectacular" about whether the 2014 budget will be overhauled or not, Prime Minister Plamen Oresharski said on Wednesday.

"If [the motion] is approved, it will provide sense of calm to the next [caretaker government], if is not - they will have to adopt a more careful approach to expenditures and to control [them] in a more effective way," daily Sega quoted him as saying.

His comments come after prospects of approving amendments to the state budget for this year dwindled on Wednesday, with the main opposition party GERB declaring it would reject the move, just hours after it had thrown its support behind it in Parliament.

Oresharski's cabinet in resignation agreed in mid-June on a bill raising expenses in healthcare by BGN 225 M, increasing the projected current-account deficit and the cap of Bulgaria's public debt and also reducing the budget's income statement.

However, the Prime Minister, who submitted his resignation last week has repeatedly assured it is not of utmost necessity to change the fiscal framework.

Oresharski was Finance Minister in the 2005-2009 cabinet of the so-called "Three-Way Coalition" and was picked by the Bulgarian Socialist Party (BSP) to head the last government due to his professional expertise, despite not being a member of the party.

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Tags: Plamen Oresharski, BSP, budget, GERB, caretaker government, resignation
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