/ world today news/ The head of state should return the law on the ratification of the 16 billion loan. leva. This is what the chairman of the BSP Mikhail Mikov insists in a letter to President Rosen Plevneliev.
The chairman of the BSP points out that there are no arguments and justifications for how this amount of the loan was determined and what it will be used for. Mikov also says that the contradictions between the ratification law and the State Budget Law, which does not provide for borrowing in these amounts, have become apparent.
“The ratification law contradicts the Basic Law, because an international agreement now sets essential parameters in the laws on the state budget, which are to be adopted for 2016 and 2017,” argued Mikov. He asks the question whether such a loan is even necessary in this amount and whether it stimulates the economy or condemns it to many years of stagnation. The chairman of the BSP commented that in the absence of transparency, reasons and arguments for the draft law, the only thing that consolidates the majority that supported the draft law remains the desire to absorb the amount of 16 billion, which is unbearable for the Bulgarian economy. leva.
“I am sure that as a president concerned about the future of his country, as a pillar of legality, and as a specialist in interest markets, you will also understand our point of view, regardless of your publicly expressed a priori attitude to the contrary. You have already demonstrated this concern of yours, when in 2013 you brought back for a new discussion the law on credit for the refinancing of old debts in the amount of BGN 1 billion,” addresses Plevneliev, the chairman of the BSP. He adds that the refusal of the head of state to return for a new examination the loan of 16 billion. BGN either it is hasty or it is a complex rethinking of his attitude to new loans, which “evolved from extremely conservative a year ago, to radically liberal with shades of adventurism recently”.
Mikhail Mikov calls on Prevneliev, in line with his understanding to limit behind-the-scenes agreements and unprincipled coalitions, to take advantage of his legal right and return the ratification. “If you don’t do this, we will have no other option but to appeal to the Constitutional Court or turn to the Prime Minister so that he imposes the newly introduced institution of the “prime minister’s” veto,” Mikov states. He adds in his letter that he intends to inform Bulgaria’s European partners about the situation related to the BGN 16 billion loan.
We bring to your attention the full text of the letter:
TO
Mr. ROSEN PLEVNELIEV
PRESIDENT OF THE REPUBLIC OF BULGARIA
DEAR MR. PRESIDENT,
I am also addressing you as an advocate for more transparency in politics in connection with the ratification law for a loan of 16 billion adopted yesterday in the second reading. leva. During the discussions in the plenary hall, and in various forums outside of it, no arguments and justifications were presented as to how this amount was determined and what it will be spent on. Yes, formally there is a page of reasons attached to the draft law, but in terms of their content they do not meet the requirements of the Act on Regulatory Acts. There is no financial justification, and there is no assessment of the impact of the bill, which, in view of the size of the loan, will in any case be substantial.
The contradictions between the ratification law and the State Budget Law, which does not provide for borrowing in these amounts, became apparent. It is also clear that it contradicts the Constitution, which stipulates that laws must be adopted in two readings in two separate sittings. The National Assembly may exceptionally decide to hold both votes in one sitting. This provision applies only if no proposals to amend or supplement the draft law are made during the discussion. However, proposals have been made in the relevant order by at least two representatives from our parliamentary group. Nevertheless, the law was voted on and passed in two readings in the same sitting.
The ratification law contradicts the Basic Law, and because an international agreement now sets essential parameters in the laws on the state budget, which are to be adopted for 2016. and 2017 In the absence of transparency, reasons and arguments for the draft law, the only thing that consolidates the majority that supported the draft law remains the desire to absorb the overwhelming amount of 16 billion for the Bulgarian economy. leva.
I am impressed by your knowledge of the dynamics of interest rates today, and historically, over a relatively long period of about 200 years. I am sure that every nation is proud of a President who does not hesitate to make state decisions, but is also interested in all the details of such a government deal. But the issue is not reduced to the amount of interest. It can be the subject of a separate analysis. The question is whether such a loan is even necessary in this amount and whether it stimulates the economy or condemns it to many years of stagnation. Because the most unproductive way to fight a deficit is to cover it with loans. Very little has been heard from the government about what it will do specifically to get economic growth to a level higher than this year’s forecast, as Mr Juncker also urged you at your meeting in Brussels, or what will be done , to improve debt collection. Few people talk about it, but you are a person with economic knowledge and you must understand that the new loan, as proposed by the government, drastically distorts the ratio between domestic and foreign debt.
Finally, I want to draw your attention to one fact about which those who supported the bill are not endlessly eloquent. It follows from the bill as introduced by the Council of Ministers that the services of reputable legal and financial consultants were used. In view of the size of the principal amount of the loan, the cost of these consulting services is in all probability tens of millions of BGN. Has a procurement procedure been carried out for legal and other consultancy and have any fees been paid? You, as a former minister with a special interest in road construction, cannot fail to realize that many kilometers of motorways could have been built with the loan consultant money alone.
I am sure that as a President concerned about the future of his country, as a pillar of legality, and as a specialist in interest markets, you will also understand our point of view, regardless of your publicly expressed a priori attitude to the contrary. You have already demonstrated this concern of yours when in 2013 you returned for a new discussion the law on credit for refinancing old debts in the amount of 1 billion. BGN Therefore, I take your publicly stated position that you do not now intend to exercise your right under the Constitution to return the bill for reconsideration, either as hasty or as a comprehensive rethinking of your attitude to new loans, which has evolved from extremely conservative a year ago, to radical liberal with shades of adventurous lately.
I would like, despite what has been said so far, in the light of your practice, and also of your calls to limit behind-the-scenes deals and unprincipled coalitions with the sole purpose of exercising power, to call on you to use your legal right and obligation now and be motivated to return the law in the National Assembly for a new discussion, which cannot be denied.
In the event that you do not do this, we will have no other option but to appeal to the Constitutional Court or to turn to the Prime Minister in order for him to impose the newly introduced institution of the “prime ministerial” veto. I take the liberty of informing you that I intend to introduce the situation related to the 16 billion loan. leva, and Bulgaria’s European partners.
I take this opportunity to express my respects to you.
02/26/2015 Sincerely:
city Sofia MIKHAIL MIKOV
Chairman of the National Assembly of the BSP
#state #return #law #ratification #loan
