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Georgi Angelov, Senior Economist, Open Society Institute
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The budget is full of money – so much that the government can’t even spend it, macroeconomic expert Georgi Angelov said.
At the end of November, budget revenues were BGN 7.4 billion higher than the previous year, and the budget reported a surplus, he said in an article for Forbes.
This is a good basis for the 2022 budget, which is to be drafted in January-February (with a delay due to the change of power). Instead of tackling large deficits and debts, the 2022 budget may look to longer-term priorities, the economist recommends.
Vladislav Panev
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Democratic Bulgaria MP Vladislav Panev also believes the government has a lot of money. “There are extraordinary revenues in the budget. We are currently earning billions from the over-profits of state-owned energy companies because of the increased energy prices. These profits will be returned as dividends to the state. In addition, the state currently earns billions of 20% VAT on increased energy prices. bathes in money, “said the economist.
Finance Minister Asen Vassilev said that there is enough money to compensateis to those pensioners whose incomes turned out to be lower than in December.
Vassilev announced that the draft budget for 2022 is ready and will be coordinated with all ministries next week, and then with the social partners, so that it can be submitted to parliament at the end of January.
Expect more speeches by the Minister of Finance.
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