/ world today news/ BSP LIAVA BULGARIA offered to reduce the debt to 6.9 billion. BGN
After the scandalous adoption of the first reading of the law on the ratification of the contract for 16 bln. BGN PG of BSP LEFT BULGARAAIA objected to the request to hold a second vote at today’s meeting. “We from the PG of BSP LEFT BULGARIA want to make a proposal between the first and second reading – to reduce the loan to the amount of 6.9 billion. BGN, as written in the law on the state budget”, said the People’s Representative from the PG of the BSP LEFT BALAGRIA Maya Manolova from the parliamentary rostrum. She called for her group to be given enough time between the first and second readings.
Mihail Mikov: In no case can the right of the deputies to proposals between the first and second reading be taken away
“The vote was inadmissible. Each law passes two readings. Every member of parliament has the right to make a proposal before the second reading. Whether or not an international agreement will be changed is the work of the cabinet. This was stated by the chairman of the National Assembly of the BSP, Mikhail Mikov, from the parliamentary rostrum. He stressed that in no case can the right of the deputies to proposals be taken away, because it is a violation of the Constitution.
Rumen Gechev: No 8 billion. euro and the enslavement of the Bulgarians
“We submitted a proposal to the registry, according to the law on the state budget for 2015, that the loan be in the amount of 3.5 billion. euro, as much as we voted”. This was stated in the plenary hall by the MP from the left, Rumen Gechev, “No 8 billion. euro and the enslavement of the Bulgarians”, he was categorical. The socialist also recalled that the old loans, which are claimed to be paid, were made by the “Borisov 1” office. Gechev explained that according to the estimates of the Union of Scientists in Bulgaria, sent to the President of the National Assembly, but not disclosed – 8.4 billion. BGN is the debt that needs to be serviced, not 16 billion. BGN He emphasized that although, according to Goranov, the interest rates that we will pay on the debt are low, this is only for now and it is not known how much they will reach.
Zhelyo Boychev: We do not know what the true amount of the debt is
“I voted against because within this debate for a week no answer was given to any of the questions we asked – what is the true amount of debt that we have to repay in this 3-year period, why voting the budget for 2015, on p. 84, the Ministry of Finance indicates some levels of the external debt in this year, and currently data has been uploaded to the site – and the difference is 3.4 billion”. This was stated by the People’s Representative from the PG of the BSP LEFT BULGARIA Zhelio Boychev from the parliamentary rostrum. Among his other arguments for the negative vote, he pointed out that it was in no way explained nominally how much the debt would grow and what its ratio would be as a percentage of GDP. According to the deputy, not a single argument has been given why this debt should be revalued and the ratio between internal and external debt should be radically changed, by what criteria the banks were selected and what will be their obligation, as well as what will be the fate of 3 billion, granted for one bank and for 2 billion, which are for the Deposit Guarantee Fund. “Without answers to these questions, it is irresponsible to vote,” Boychev is categorical. According to him, the only good thing about today’s vote is that it has very clearly outlined the political framework of those who support the government and will bear the responsibility from now on. “And for the BSP, it remains to monitor how you will spend every single lev of this debt,” he concluded.
Valery Zablyanov: The managers should apologize
After the vote in the first reading, Valery Zablyanov called on the rulers to apologize and say that taking on debt is not stability. “Next time the debt could be 16 billion euros, and you took the first step with this decision. You have taken on a debt that you cannot pay. You take on debt when there is no growth and the forecast for the coming years is 0.5. You commit successive governments to deal with your financially bankrupt policy. Don’t present debt and borrowed life as stability,” Zablyanov also said.
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Valery Zablyanov, considering the contrasting views on debt, how do you plan to address the concerns raised by your opponents regarding transparency and the long-term sustainability of the proposed 16 billion euros?
Website Editor: Hello and welcome to our show. Today, we have two special guests who will share their insights on the recent debt discussion in Bulgaria. First, we have Ms. Rumen Gechev, a representative from the Left Bloc of the Bulgarian Socialist Party, and Mr. Valery Zablyanov, a member of the opposition party Citizens for European Development of Bulgaria. Thank you both for joining us today.
Rumen Gechev: Thank you for having me.
Valery Zablyanov: Thank you for the invitation.
Website Editor: Ms. Gechev, let’s start with you. You were very vocal about reducing the debt to 3.5 billion euros. Can you explain your party’s stance on the matter and why you believe this amount is more appropriate than the proposed 16 billion euros?
Rumen Gechev: Of course. Our position is that we simply cannot afford to take on such a massive debt at this point in time. The current government is simply borrowing money to pay off old debts, which only leads to an endless cycle of debt. The interest rates may be low now, but we don’t know what they will be in the future. Moreover, we have not been provided with any clear information on how this debt will be managed or what it will be used for. Reducing it to 3.5 billion euros was simply a responsible decision based on our current financial capabilities.
Website Editor: Mr. Zablyanov, your party voted in favor of the proposed debt. Can you explain why you believe taking on this amount of debt is necessary and how it will benefit Bulgaria in the long run?
Valery Zablyanov: We believe that taking on this debt is necessary because it will allow us to invest in much-needed infrastructure projects, which will stimulate economic growth in the country. It’s true that we have taken on significant debt in the past, but that was due to mismanagement of the economy. This time, we have a responsible government that is committed to using this money wisely. It’s an investment in our future and a step towards stability.
Website Editor: Both representatives mentioned concerns over the lack of transparency in the debt discussion. Ms. Gechev, you mentioned that you
