This budget is the possible and at the same time important. It reflects everything that has happened in Bulgaria over the past four years - the political instability, the lack of clear political responsibility and reflects all the effects that have accumulated over the years are reflected in the 2025 budget. This was stated by the Minister of Finance Temenuzhka Petkova in the program “Panorama” on BNT.
“No one thinks that in one month someone will be able to generate such an effect on public finances as has been accumulated over the past 4 years? As for the topic of debt, it is important to make some clarification that the maximum amount of the debt limit is up to 18.9 billion leva. In Art. 70 of the 2025 Budget Law states that this amount of debt can be used by the government in the event that a decision is made and there is a need to increase the capital of state-owned commercial companies that implement specific programs regarding state management in various sectors - defense, energy, healthcare, agriculture, economic development. Nowhere in the law does it say that this resource will be utilized. This is an option that the government has in this draft law. These are funds that are necessary to increase the capital of these companies for investment purposes,” she explained.
The Finance Minister denied that funds were cut under the reproductive health program or benefits for children not accepted into kindergartens. “There are no resources for acquiring a government plane and helicopter”, she was categorical.
”For us at GERB, the stability of public finances is a leading priority. Their stability is part of the country's national security. If we make a chronology, we will see that during the GERB government, Bulgaria's public finances were in their most stable state, even the budget was in surplus (2016, 2017, 2018). For us, the stability of public finances has always been leading. It is no coincidence that in 2020 Bulgaria entered the waiting room of the eurozone. We were given as an example of a country with very stable public finances and fiscal policy,” recalled Minister Petkova.