Bulgaria’s PM Slams President for Veto on Budget Update

Finance | August 7, 2013, Wednesday // 21:00|  views

The president’s veto on the budget revision laid bare the tensions between the oposition and the cabinet, led by Prime Minister Plamen Oresharski (front) and backed by the Socialists and the Turkish minority party. Photo by Sofia Photo Agency

Bulgaria’s Socialist-led government has slammed President Rosen Plevneliev after he vetoed a budget revision on Wednesday.

“The president has grossly interfered with the executive authorities in yet another one-sided and unbalanced action," Prime Minister Plamen Oresharski said in an official statement. 

It points out that the budget revision aims to correct the country’s fiscal policies from th last few years, which hampered economic growth and limited the opportunities for assistance to vulnerable groups in the society.

Oresharski lists once again the reasons that forced his government, under pressure to quit after weeks of protests, to revise this year's budget, saying it thus sets right the misleading forecast for revenues and spending.

President Rosen Plevneliev imposed on Wednesday a partial veto on the Law on Amending and Supplementing the State Budget Act for 2013, saying the Socialist-led government had not shown enough transparency in its use of public money.

He explained that the package of social measures included in the budget update constituted a very small share of the earmarked expenses.

Plevneliev pointed out that there was insufficient information about how the new debt of BGN 1 B would be spent.

He noted that he failed to see serious plans about policies and reforms in support of competition and economic growth.

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Tags: GERB government, GERB, Bulgarian President, Rosen Plevneliev, state budget act, budget revision, veto, Socialist, Plamen Oresharski

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