Kornelia Ninova, deputy prime minister in the Kiril Petkov government and Socialist party leader, reacted Tuesday to the caretaker government's budget estimates and urged them to leave alone the budget planning. "They are implying our policy was apocalyptic and are grooming public opinion for raising taxes," she commented, adding that such a step in the current crisis would be "madness".
According to Ninova, Petkov’s government left stable finances in the form of full state reserve, surplus and minimal debt. She wondered what could have happened with the indicators mentioned in just four weeks.
Commenting on Monday’s news conference at which caretaker Finance Minister Rossitsa Velkova presented a tentative macroeconomic forecast for 2023-2025, Ninova called it "quite surprising".
Velkova’s ministry had also prepared a working version of a three-year state budget forecast. According to the latter document, in 2023 GDP will be BGN 166.667 billion and its growth will slow to 2.2%, and the average annual inflation will decelerate to 5.6%.
The state budget deficit in 2023 is expected to amount to BGN 11.4 billion, accounting for 6.8% of GDP.
Someone should tell where the figure of BGN 11 billion deficit for 2023 was conjured from, Ninova says.
According to her, this is a case of intentional stoking of panic and fear, a return to the financial and economic model of the Simeon Djankov-Boyko Borissov times, referring to Borissov’s first cabinet and the notoriously stringent then finance minister.
/BR/
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