BULGARIA’S FISCAL RESERVES REDUCING
A loan will be sought in January next year for the external debt payments, Chair of the Budget Committee with the Parliament Menda Stoyanova voiced. In her words, the so-called “silver fund” may be used – money for higher pensions are accumulated there.
Mrs. Stoyanova added that the fiscal reserves had decreased by some EUR 600 mln. due to debt interests’ payments and the EUR 250 mln. provided to farmers. Ex-Finance Minister Plamen Oresharski stated that the silver fund shouldn’t be used for debt coverage. He foresaw that next year, after the payments of the external debt’s debentures, Bulgaria may lose its fiscal reserve.
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