Chairman of the Fiscal Council proposes 3 reforms to fill the budget

The total deficit for 2025 is about 5.5% of GDP. This was what Chairman of the Fiscal Council Simeon Djankov told BNT. He pointed out that this country ranks together with countries such as Belgium and France, which, according to him, was not so scary. Djankov recalled that in 2010, when he was Minister of Finance, Bulgaria was also in an excessive deficit procedure, from which it emerged in a year and a half. He also said that in order to have quick and visible results, the government needs reformers.

Djankov gave 3 proposals to reduce the budget deficit. To close the state-owned "Bulgarian Development Bank" and the capital of 2.27 billion euros to be returned to the state budget. If the state administration, the police and the military start paying their social security contributions, another 620 million euros will enter the budget. The third step is for retirees to leave the state administration.

Editor: Ivo Ivanov