Bulgarian Treasury Got Millions in State Cos Dividends

Deputy Prime Minister and Finance Minister, Simeon Djankov, believes it is better to put State companies' dividends in the budget, instead of giving it away as bonuses. Photo by BGNES

The State-owned companies have contributed as dividends BGN 174 M to the Treasury in 2011.

The data was reported Friday, during the parliamentary control session, by Deputy Prime Minister and Finance Minister, Simeon Djankov, in response to an inquiry by Members of the Parliament.

The questions were asked by MPs from the opposition, left-wing Bulgarian Socialist Party, BSP, who accused the cabinet of the center-right Citizens for European Development of Bulgaria party, GERB, of depriving enterprises of resources and placing them in a hard situation.

In 2010, this amount had been BGN 112 M, and in 2009 – BGN 344 M.

Djankov explained in plenary hall that it was better to put money in the budget instead of giving it as bonuses to Deputy Ministers in their capacity of Members of the Boards of the said enterprises.

He confirmed the earlier announcement of the Chairman of the GERB parliamentary group, Krasimir Velchev that the party has asked the National Audit Office, NAO, to submit a report for bonuses obtained by Deputy Ministers during the term of the previous Three-Way Coalition cabinet.

The distribution of the State companies' dividends is prescribed in the 2012 Budget Act and in a cabinet decree from December, 2011.

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