Associate Professor Grigor Sariski A professor at the Economic Institute of the Bulgarian Academy of Sciences (BAS) expressed doubts about the feasibility of 3%. deficit Goals outlined in BulgariaIn an interview with Bulgarian National Television (BNR), he expressed concerns about the country's fiscal health and prospects for joining the eurozone.
Sariski He highlighted the forecast provided by Acting Finance Minister Lyudmila Petkova, which predicts a significant increase in fiscal spending of about 18 billion leva, while revenue growth will be only 6 billion leva. This difference suggests a budget deficit An increase of almost 12 billion levs. Sariski If this trend continues, deficit He questioned whether it could reach 8.5% or even 9%, depending on the accuracy of GDP forecasts.
The economist warned of the potential impact of political instability on fiscal policy. He suggested that fiscal policy could be used as a campaign tool if the next Congress is highly divided, with representatives from multiple parties. He speculated that this could lead to a short-lived government and an election as early as Easter.
express skepticism about Bulgariaprospects for participation in euro area, Sariski He said the goal was unrealistic. He figuratively said that this country euro area ”Like a brain tumor', emphasizing his critical position on this issue.
He also pointed to serious problems on the revenue side of the budget, arguing that the erosion of the revenue base is undermining sustainable fiscal management. He cited this as an important factor contributing to instability. Bulgariafinancial situation.
