/ world today news/ The governor of the Bulgarian National Bank, Ivan Iskrov, has moral guilt and moral responsibility for the banking crisis in our country, because for more than 15 years, the BNB was a pillar of the currency board, and now its authority is tarnished.
This was stated to bTV by the chairman of the Temporary Committee on Budget and Finance and deputy from GERB Menda Stoyanova. She emphasized that the law protects the independence of the central bank and resignations cannot be requested in the plenary hall, but “the entire Management Board must take the moral responsibility”. Stoyanova did not comment on whether GERB has an option for Iskrov’s successor, pointing out that the resignation of the governor must first be a fact.
According to Stoyanova, the fault of the BNB is only one of the levels surrounding the KTB crisis. First of all, she pointed to the actions of the owner and management of the vault, whose behavior was “unprofessional to say the least, it’s a real theft.” The deputy from GERB also criticized the auditors from KPMG, who for years did not find any problems in the bank.
Regarding the cost of the banking crisis, Menda Stoyanova refrains from giving a definitive answer: “One is the direct damage, another is the damage caused to the entire economy.”
The chairman of the temporary budget committee spoke out against the definition of “record” for the foreign loan of 1.3 billion euros, which the country will take. According to her, it is part of a total of 4.5 billion BGN of new debt, which the government will diversify.
According to her, BGN 1 billion will go to refinancing the loan with which First Investment Bank was supported in the summer, and another BGN 2 billion will be for the Deposit Guarantee Fund, from which the guaranteed deposits in KTB will be paid. She emphasized that the money will be returned with an interest rate higher than that of the securities. Thus, according to her, the state can even profit from the operation.
In addition, Stoyanova pointed out that the money of the budget distributors (municipalities and state departments) is guaranteed by securities and they will also be paid in full.
BGN 1.5 billion of the new debt will be for the additional budget deficit, which will be voted on today in the parliament. Menda Stoyanova explained that the deficit appears on the basis of the non-fulfillment of the revenues that were planned “hollowly”.
Stoyanova, who was part of the GERB negotiating team, pointed out that the friction in the ranks of the Reform Bloc was not so visible before the formation of the coalition. She admitted that she was worried about whether the unified positions on the budget and tax laws would be respected in the plenary. She expressed hope that despite the fighting within RB, the 5 formations that accepted the management program will be united by the policies laid down in it.
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