Send to Kindle
Boyko Borisov, former Bulgarian Prime Minister and leader of center-right party GERB (Citizens for European Development of Bulgaria), photo by BGNES
Center-right party GERB has leveled strong criticisms against the financial policy of the socialist-led coalition government, predicting a catastrophe in 2015.
Speaking Sunday at a press conference, Boyko Borisov, former Prime Minister and leader of GERB (Citizens for European Development of Bulgaria), expressed serious concern over the financial situation, stressing that the revenue agencies had failed to collect around BGN 500 M in 2013 despite the budget update.
"If this government stays, it will update the 2014 budget with new loans and debt and the state will collapse in 2015 and then they will be accomplices in this crash," Borisov stated, according to reports of Sega daily.
Borisov said he was not interested in the drama unfolding at the Bulgarian Socialist Party (BSP) after the announcement of a parallel list of candidates for the 2014 European Parliament elections of the ABV Movement of former BSP Chair and two-term President Georgi Parvanov.
He claimed that BSP and the ABV Movement would join forces in the case of early elections, meaning that things would remain unchanged.
Bulgaria's former Prime Minister argued that the current government was slowly undoing the achievements of the GERB government.
He claimed that it was the budget hole of BGN 1.5 B that mattered, rather than relations between BSP and the ABV Movement.
Borisov, as cited by Darik radio, insisted that the supporters of the socialist-led Cabinet of Prime Minister Plamen Oresharski were accomplices in the ongoing catastrophe.
Citing the report of the Finance Ministry on the implementation of State Budget 2013, GERB MP Menda Stoyanova claimed that the data did not agree with the government's measures aimed at increasing investments and achieving a re-industrialization.
Stoyanova drew attention to underperformance on the revenue side of the budget and in the segment of capital spending.
She suggested that the government was failing to control running costs, adding that the Cabinet would have to boost revenue collection by BGN 2 B in a year, which was an impossible target, and would most probably resort to a budget update.
GERB MP and former Deputy Finance Minister Vladislav Goranov pointed out that receipts from excise duty had remained unchanged in 2013, implying that the results were due to fraud.
Bulgaria’s ruling party does not plan to alter the proposed state budget for 2026, following a meeting between union leaders and GERB chairman Boyko Borissov
The minimum wage in Bulgaria will rise to 620 euros, equivalent to 1,213 leva, starting January 1, 2026
Kostadin Angelov of the GERB was elected Deputy Chair of Bulgaria’s 51st National Assembly on Thursday
The GERB parliamentary group has announced plans to push for the repeal of the recently proposed amendments to the Water Supply and Sewerage Act, which introduced a contentious "water meter fee"
Political scientist Ruja Smilova told Bulgarian National Radio that GERB’s sixth-place result in the recent local elections reflects an uncomfortable reality for the country’s leading party
The Bulgarian Socialist Party (BSP) has declared that it continues to act in the public interest, setting aside narrow partisan and political ambitions amid growing tensions within the ruling coalition
People with disabilities in Bulgaria face the most severe difficulties in the entire European Union, alongside Greece
The current patient fee for a medical consultation has lost its purpose and no longer serves its intended functions, according to Bulgarian Medical Association (BMA) chairman Dr.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria’s toll system now has the technical capability to track average vehicle speeds, as announced by the National Toll Management following a meeting with Regional Development Minister Violeta Koritarova.
The income required to cover living expenses for a working individual and a three-member family with a child under 14 has remained almost unchanged compared to June, according to an analysis by the Confederation of Independent Trade Unions in Bulgaria (CI
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
