/ world today news/ “I don’t see a reason, basis and need for taking out new loans. No one points out a specific reason why loans should be withdrawn.
President Rosen Plevneliev’s thesis to give the caretaker government the opportunity to take out loans is not based on real necessity. Perhaps for the comfort of the caretaker government, if something happens, this update is sought,” writes financier Emil Hersev in a comment on the upcoming update of the state budget, which will increase the debt ceiling.
:Actually, nothing so fatal can happen until October, when his appointed cabinet will be in operation. There is a large enough availability in the fiscal reserve, so I don’t see the reason why such a government should be given the opportunity to negotiate loans, except to provide some comfort to the next regular government,” also writes Hersev. The other idea is that the official takes a loan, and then the regular one says that it was not he who took the loan, but those before him. In Bulgaria, rescuers appear every day, he also points out.
However, the financier believes that no artificial crisis is being created around the budget. “Rather, I attribute what is happening to the way politicians are used to speaking in our country. But similar things also happen in other countries, especially in Southern Europe. A budget, no matter how often it is updated, will never meet all possible changes that appear. For this reason, so-called buffers are built into it. With them, it can withstand without serious restructuring and without being updated,” says Hersev’s comment.
At the moment, no one is saying a reason for taking out a loan. It is another matter that you want to take out a loan for something that may not happen.
However, there is financial stability in the country, although it has been hit hard by placing the Corporate Commercial Bank under special supervision. For now, there is no reason to worry about the development of negative processes in the financial system, the financier believes.
#reason #basis #loans
