Bulgarian FinMin Wants to Shut Down State Reserve

Finance Minister, Simeon Djankov (left) is seen with Prime Minister, Boyko Borisov. Photo by BGNES

The Bulgarian State Reserve and War-time Stocks Agency is the new "budget optimization" target of Finance Minister Simeon Djankov.

Djankov announced Friday that the Finance Ministry will table to the Cabinet Wednesday a draft law for the shutting down of the State Reserver and War-time Stocks institution.

"This is an institution that has proven its inefficiency, and its closure will save the budget BGN 80-90 M annually. There are about 600 people working in the State Reserve right now," Djankov said at the Bulgarian-Turkish border crossing Kapitan Andreevo Friday, as cited by Darik Radio.

It is unclear how Bulgaria's war-time stocks will be managed if Djankov gets to shut down the State Reserve Agency.

Djankov further spoke about the draft 2012 State Budget Act, declaring that none of the government ministries had reasons to complain of lack of funding for next year.

"Whoever complains can get another job. Nobody was born a government minister," the Finance Minister and Deputy PM stated.

He further intends to get all newly elected mayors in Bulgaria to lay off 15% of the civil servants in their municipalities' administrations.

"Whoever refuses to do that won't get additional subsidies during the year," Djankov added.

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