/ world today news/ More than 90% of the talk about updating the budget is political.
A budget update is not required. These are purely political games. If we listen to the politicians – how many black holes they portend for every thing that someone decides should be done. At the time, when we raised the VAT, everyone said that there would be no cinemas, no theaters in Bulgaria. Remembering what storms were made, similar to the present, but none of these probations came to pass. Well, it’s true that then cinema tickets were 20 cents, and now they are 10 BGN.
Talks about updating the budget in more than 90 percent have political meaning. I am not convinced whether the parliament will vote on the budget update at all, I am also not convinced whether Oresharski will not withdraw the point under pressure from the BSP. Everyone makes political dividends. It is half-heartedly argued that a more relaxed environment should be left for the caretaker government. That doesn’t sound serious.
Second, the fact that there will be a legal option does not mean that the caretaker government will take advantage. If, for example, Kalin Hristov is the Minister of Finance, I do not think that he will take advantage, even if he has the opportunity. Well, if they appoint another finance minister, someone like Boyko Borisov, he can benefit.
The request for an update is an insult to the previous administration, although the DPS was also from this side. This is an indirect recognition of what Boyko Borisov says every day – that the state is bankrupt, that a collapse has occurred. He just chases that down consistently with his typical bite. It is clear that both political forces – GERB and DPS will be in the next administration. A separate question is what future strategies DPS has. In fact, they are laying a mine that they will then stand on. And what if they justify themselves with the previous administration. There are numbers. They are not saying that inheritance is bad. Borisov announced that there was a failure to fulfill the planned increased revenues. At the same time, it is said that there are enough buffers, that there are reserves in the coalition program, and spending may be cut. What is the problem with the cabinet cutting costs and not spending? But these are shabby numbers. At the moment, it is more interesting whether there is transparency and to what extent the DPS are stubbornly making some sort of coalition to punish the BSP. But who knows what will happen. Because if there is anyone to throw DPS overboard, it will be GERB and no one else.
Preparing money for the next government is risky. It is not known who will enter the next parliament. I think that Valery Simeonov’s NFSB will enter. I am not sure if Barekov will enter this new situation, because elections are not held without money and without television. Moreover, he himself sets things up so that he is bitten by everyone. And usually he who opens a front against many enemies is a loser. It is possible that reformers and ABV and others will enter the National Assembly. And now who with whom, how and under what conditions – it becomes very complicated if everyone wants to gain sympathy on the back of the previous ones. And the street will always be alert. What do they think – that the protests end with Oresharski’s resignation? So everyone has to take stock from here on out – who is with whom, what they allied themselves with.
The president also has an interest in the cabinet appointed by him coming out with some dignity. He wishes it was wide around his neck if he could. But in the end there are realities. If the official cabinet is faced with difficulties, it should solve them, and not just float on the surface and say “we were very successful”. We have looked at successful offices. They all beat their chests about how great they are. They don’t really do anything of substance. They manage after a crisis, and then it’s very easy – if you do something small, even to stop a problem, you can already win laurels.
There is no financial instability. The ideology is that the taxpayer will pay. A commotion was caused around the bank. This is an issue that the current parliament and government clearly cannot solve, they helped make the incident happen. I have stated my position – from here on it is the cheapest to be restored and to remain this bank. All other schemes are more expensive. This does not mean that it should be returned to Tsvetan Vassilev. I.e. even if there is state intervention, it must be along the lines of nationalizing KTB. If the law is followed, taxpayer money will not be touched. About BGN 3.5 billion must be paid. The money of the state, municipalities, hospitals, and NGO foundations must be saved. And since there are 2 billion in the deposit guarantee fund, the state must reach for another 2 billion plus unsaved state and municipal money. While with half of this 4 billion in one nationalization of KTB and with a real review of the portfolio and calming the people, the bank can be restored to work. Then the fund of two billion will remain, the money of the state and the municipalities will be saved. This will cost the state about 2 billion, which it will get back by selling it further to a strategic investor. There’s no need to scare the gargoyles. /BGNES
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Stoyan Alexandrov, financier, former Minister of Finance/1993-1994/
#GERB #DPS #laying #stand
