Economist Mikhail Krastev said: Bulgaria Focus on fulfilling inflation Participation Criteria Eurozone“There is a significant risk that the budget in April will not meet other key requirements, such as the size of the budget deficit,” he said. deficit This would not have happened had the National Bank of Bulgaria not made a one-time contribution of 660 million levs to the state treasury.
Krastev criticized the 2024 budget for miscalculating various metrics and projections, resulting in shortfalls in indirect taxes, excise taxes, personal income taxes and corporate taxes. He expects these miscalculations will require an update to the budget. Despite a strong economy, the finances are lagging and increasingly poorly managed.
He stressed that Bulgaria's finances need to be managed with stability, prudence and a long-term perspective, rather than focusing only on one criterion, such as inflation. Krastev said a more favorable scenario for business and the economy would be: Bulgaria participate Eurozone 2026.
Looking back at recent years, Krastev held Bulgarian politicians responsible for the country's lack of preparation for the eurozone. He called on politicians to learn from past mistakes and improve financial management to meet all the standards required for the eurozone. Eurozone entry.
