New Bulgarian PM Still Elusive about Budget Health

Finance | March 18, 2013, Monday // 16:41|  views

Bulgarian PM Marin Raykov (L) answers questions after meeting Movement for Rights and Freedoms chair Lyutvi Mestan (R). BGNES

Caretaker Bulgarian PM Marin Raykov has yet again refrained from giving details about the status of Bulgaria's state budget amid fears that it might be in a less than balanced condition following the political crisis in the country.

Still, Raykov stated that he will give information to that effect "within days", after an extensive report has been completed by Minister of Finance Kalin Hristov.

"Within days, Finance Minister Hristov and I will give the public the requisite information regarding the status of the budget," said Raykov Monday after meeting liberal Movement for Rights and Freedoms leader Lyutvi Mestan.

In an interview for the Bulgarian National Radio Saturday, Raykov had stated that Bulgaria is under no "immediate" threat regarding its financial stability.

Worries that Bulgaria's state budget might not be doing all that well came with the February 18 resignation of Minister of Finance Simeon Djankov.

This was followed by a resignation of the entire cabinet of Bulgaria's former PM, Boyko Borisov, following massive street protests against stagnation in the country.

Little before stepping down, Djankov commented that he is leaving Bulgaria's finances, and the fiscal reserve in particular, in a good shape.

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Tags: Simeon Djankov, protests, Boyko Borisov, Marin Raykov, Lyutvi Mestan, financial stability, budget, Kalin Hristov, Movement for Rights and Freedoms, crisis, resignation


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