30.09.2014
Caretaker government has no legal grounds to deal with the budget update. What is offered to the Bulgarian public, I can not understand whether it is preparing society for serious changes in our financial policy. In practice, a caretaker government has no authority to refer to the National Assembly to update the budget.
I find it deeply unclear why deal with such exercise this government. In order to respond to the increase in debt by 40%, and this is a gigantic dimension information is needed, and we do not have it. We have the information necessary to understand how such a thing is a matter of professionalism, or a matter of preparing public opinion to be disposed of taxpayers' money to repay the vague commitments to the banking sector. At this stage we have no data on budget execution on 30 September, so that on this basis to step and see what is the actual state of revenue.
Second - we do not know how the amount of insured deposits in the banking system, including drop these deposits - for example a person who has a few of his name or affiliates, their accounts are used to guarantee loans. That is. We have a real number or if the caretaker government knows this number, then hide it from the public. It is not clear maturity of these loans for how long.
Something that is particularly important is when a country is borrowing, it predicts what will be the growth of its economy for the coming years in order to be able to serve this loan. So do not talk. Also, there is no logic when revenue is insufficient to increase the cost of the financial sector with 500 million. The first thing you should do is to reduce the cost and time to think about making new loans. In addition, we have no data on exactly what will be spent from the fiscal reserve of 8 9 billion. Lev that the caretaker government inherited.
When you provide the additional cost of approximately 500 million. Lev, they are placed on one line. What President Rosen Plevneliev correctly accused the previous government of Oresharski - that these additional costs are on one line. And now his caretaker government made the same move.
Do not forget that the initial loan of 1.2 billion. Lev, which was for First Investment Bank, was for three months. I do not know if it is rescheduled for more than three months. And if it's three months, he should recover in time to be completed fiscal reserve.
