Fiscal Council member says new foreign debt is inevitable in case of deficit

New state debt is inevitable when there is a deficit and it must be covered. This was what former Deputy Minister of Finance and now a member of the Fiscal Council, Lyubomir Datsov, told bTV.

"I personally expected that the government would have a plan and a vision of what to do, and not talk about shifting the blame for the excessive deficit procedure. I do not think that the excessive deficit is due to incorrect accounting," Datsov commented. "I assume that the European Commission would say that there is a change in the trajectory of the budget, which leads to the fact that there will be permanent deficits above 3%. If they put us in an excessive deficit procedure, a plan must be drawn up within 6 months, jointly with the European Commission, which will set the main parameters of directions," the expert said.

Editor: Ivo Ivanov