Mon, Mar 22 2010

GERB vows to balance Budget books in 2009

Sat, Jun 13 2009 10:58 CET byDnevnik.bg 1221 Views 1 Comment
GERB vows to balance Budget books in 2009

GERB presented its macroeconomic team on June 12. Left to right: Rossen Plevneliev, Miroslav Naidenov, Galya Kondova, Simeon Dyankov, Bisser Boev and Vladislav Goranov.

Photo: Assen Tonev

Bulgaria’s centre-right opposition party Citizens for the European Development of Bulgaria (abbreviated as GERB in Bulgarian), which won the most votes at the June 7 MEP elections and leads the polls for general elections next month, pledged to balance the books and avoid a Budget deficit in 2009 if in government.

Speaking to Dnevnik, Vladislav Goranov of the party’s budget and finance team said keeping a Budget surplus would be the major challenge and hoped there would not be any further cutback of expenses and salaries. Any other costs, however, would have to be reined in as long as they did not undermine the social functions of the state.

Goranov said GERB did not oppose signing an agreement with the International Monetary Fund, but pointed out it was too late to sit on the negotiations table.

He slammed the measures adopted by the current government to temper the ill-effects of the downturn as insufficient, including the extra spending of more than one billion leva aimed at kick-starting the economy.

Instead, he highlighted reduction of the social security burden, retention of the flat tax rate, and introduction of a penalty for delayed VAT rebates as some of the measures needed to strengthen the real economy.

Source: Dnevnik

Comments

Anonymous Raptor Sat, Jun 13 2009 16:28 CET
Inappropriate comment?

This GERB party is certainly doing a lot of talking. Lets see if they actually deliver!

Write comment

Name:Comment:

Generate new code
Send your comment

By posting a comment, you are deemed to have read and agreed to our
Acceptable Use Policy.

Bulgaria could cut VAT rate – Finance Minister

Bulgarian Finance Minister Simeon Dyankov says that Value-Added Tax (VAT) could be cut from 20 per cent 18 per cent in 2010 if the economy starts to do well, and the flat income tax rate will stay unchanged.

Boiko Borissov’s GERB: Profiles and prospects

A picture emerges of the voter likely to support Borissov’s party in Bulgaria’s July 5 elections, while speculation on possible coalitions continues apace.

More in this category

Bulgaria's ruling party ready with the grounds for motion to impeach the President

The motion will get the majority required to initiate the impeachment procedure against President Georgi Purvanov.

BDZ will have extra carriages over Easter holidays

Seating reservations for all express and inter-city trains can be made in advance.

Help needed for journalism group in Samokov, Bulgaria

Samokov's budding journalism group needs a laser printer.

Ferry boat service linking Nikopol with Romania's Turnu Magurele launched on March 19

Prime Minister Boiko Borissov and his Romanian counterpart Emil Boc will officially inaugurate the new ferryboat complex

Former state official sentenced to four years for abuse of funds

Assen Droumev, former head of the state Agriculture Fund, paid companies 49 million leva although they did not meet the criteria to receive such money.

© 2000-2010, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.