Bulgaria's Borissov Responds to Eurozone Sabotage Claims, Stresses Budget Deficit Challenges

Politics | January 29, 2025, Wednesday // 11:43
Bulgaria: Bulgaria's Borissov Responds to Eurozone Sabotage Claims, Stresses Budget Deficit Challenges

Boyko Borissov, leader of the GERB party, dismissed the criticism from the "We Continue the Change-Democratic Bulgaria" (WCC-DB) coalition regarding the government's approach to the Eurozone. Borissov emphasized that the legislative program and appointments of deputy ministers and regional governors would only be made after the national budget is passed. He reflected on GERB's role in bringing Bulgaria into the European Banking Union four years ago, describing it as the "whitest organization" and the "waiting room" for the Eurozone. According to Borissov, the obstruction came from Asen Vassilev and the WCC-DB coalition, who, despite having four years, failed to push for Bulgaria's entry into the Eurozone, contributing to the country's economic challenges, including inflation and rising debt.

He further expressed that if Vassilev and others knew it was an easy task, they would have joined the government instead of critiquing from the outside. Despite the challenges, Borissov reiterated the government’s aim to limit the budget deficit to 3%. However, he acknowledged that the current governance structure is "fragile and unstable," yet remains the only feasible option.

Borissov also addressed the concerns over the return of former Prime Minister Dimitar Glavchev to the Court of Auditors, stating that there was no issue with his reappointment. He pointed out that in a country as "stressed" as Bulgaria, any changes to social payments would be disastrous for the government, especially given the past claims that the country was working more, earning more, and thus able to increase pensions and salaries. He said that despite the situation, the government was forced to continue the existing policies.

On the upcoming vote of no confidence, Borissov expressed anticipation for the challenge posed by the WCC-DB. The coalition has been pressing for Bulgaria to request a convergence report on joining the Eurozone. Borissov responded, stating that if Vassilev and Kiril Petkov truly understood how to manage the situation, they would have joined the government. Regarding the government's upcoming priorities, Borissov mentioned that filling the "18 billion leva hole" in the budget is crucial. Additionally, he reaffirmed his commitment to maintaining the 9% VAT rate for restaurateurs.

Sources:

  • BNR
  • Nova TV
  • BNT
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Tags: Borissov, wcc, GERB, Eurozone

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