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Prof. Rumen Gechev to FACT: If there was a hole of 18 billion leva, many handcuffs should have been put on (VIDEO)

The European Commission will laugh at us a lot when we provide them with the budget, says the economist

Feb 20, 2025 14:56 57

Prof. Rumen Gechev to FACT: If there was a hole of 18 billion leva, many handcuffs should have been put on (VIDEO)  - 1

What we heard from politicians and economists, from representatives of the parties, that we have a hole of 18 billion leva. We can already see the numbers that are presented in the budget. Where is this hole of 18 billion leva? We have a budget that says that the deficit is 2.8%. So we meet all the conditions for the eurozone. Well, I ask, how come once we talk about a hole of 18 billion leva, and now Temenuzhka Petkova makes it 2.8%. How are they not ashamed to come up with such a draft budget. This was announced to Lili Marinkova in the studio “FACT“ and the show “Conversation“ by the economist Prof. Rumen Gechev, lecturer at the University of National and World Economy and former MP from the Bulgarian Socialist Party.

„The European Commission will laugh at us a lot when we provide them with the budget. The EU also monitors what Bulgarian politicians say. The day before yesterday Borisov was threatening us with an 18 billion BGN deficit, and there is no such thing in the budget!? How is this happening...“, asks Rumen Gechev.

„There is another very interesting thing. Borisov is threatening us with an 18 billion BGN deficit. That's what we heard from him. GERB has key economists. Who is the head of the Court of Auditors - Mr. Glavchev. They made him the caretaker prime minister. He has been governing since April 2024 almost until the end of the year. If we have an 18 billion BGN deficit, who did it? Who governed? Dimitar Glavchev is the man. He was also deputy chairman of the Budget Committee when he was a MP, a key economist for GERB. Who made the 18 billion leva hole, if we listen to Borisov? Look, if there was a 18 billion leva hole, many people would have to be handcuffed. Where is the BNB? All the state's accounts come to them. How can they not see an 18 billion leva hole? Glavchev did not comment on the topic at all. The BNB is silent, GERB is silent, the Finance Minister is silent... What is this?, added the guest.

See more of the conversation in the VIDEO.