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Simeon Dyankov: We will hardly have a budget by the New Year, we are far from the inflation criterion

We are moving away from the Eurozone by at least two years, according to the former finance minister

Nov 24, 2024 11:47 46

Simeon Dyankov: We will hardly have a budget by the New Year, we are far from the inflation criterion  - 1

For the Eurozone, we are far from fulfillment of the inflation criterion. This was explained by the financier and minister in the first government of Boyko Borisov, Simeon Dyankov, to BNT, quoted by news.bg.

He doubts that we will enter 2025 with a budget. It is also unlikely that we will have a regular government by then.

For membership in the Eurozone, we need a regular government, it became clear from his comment. The most optimistic option for the Eurozone is 2026 under regular government, so the realistic deadline is 2027.

The consolidated budget deficit jumped by another nearly 42.9% in October

Blocking our entry into the Eurozone is not the big problem

From the information he has, there are big holes in the budget and we are at least two years away from the Eurozone. We are not in financial collapse, but we are heading towards a chronic deficit, warned Dyankov. There is no way to increase the salaries of the army and the police, and the VAT must be 20% for everyone. We need a regular cabinet and a kamikaze finance minister, according to Dyankov.

There are no plans to raise insurance in 2025, assures Minister Petkova

The 2025 budget will have a deficit of up to 3%

There is no formula for a government without GERB, Simeon Dyankov is categorical about the political crisis. He advised PP and DB to separate. According to his forecast, the election of the Speaker of the Parliament will continue for at least another 2-3 weeks. According to him, some of our politicians were waiting for the US elections. Our political class is lazy, believes the former finance minister.

Source: news.bg