Bulgaria PM: Underperformance in Revenues Cut to less than BGN 500 M

Bulgarian Prime Minister Plamen Oresharski has suggested that the underperformance in revenues by end-2013 will be less than BGN 500M, down from the BGN 1 B forecasts in May.

"Revenue collection has improved substantially, especially over the past few months," he said in a Sunday interview for private TV station bTV.

He went on to assure that the currency board was not threatened, stressing that the negative comments were irrelevant and had been made in an attempt for a political attack.

"There is nothing to worry me or the Governor of the Bulgarian National Bank (BNB)," he declared, as cited by Sega daily.

"I am convinced that assuming the post of Prime Minister was worth it. On a personal level, it is a limitation and even a punishment. On a social level, I hope that society's condition will improve. It is always worth making this effort," he stated.

"The people choose their leader and they are not interested in how they feel. They want results. I always think before I make a commitment. I have never imagined it would be easy, I have never imagined that things would happen as they did. I am not sorry, I think it was worth it," Oresharski claimed.

He said that the measures adopted over the past 6 months had sought to achieve stabilization.

"It was important to end the financial year on a good note because in the middle of 2013 the situation was not good. Today I can confirm the good end of the year," Oresharski argued.

Bulgaria's Prime Minister pointed out that 2013 would be the first year for the past 4 years when all of the due VAT would be refunded so that next year would start with a clean slate.

He said that it was essential to streamline units of ministries and agencies to provide better administrative service.

Oresharski informed that the government would put a lot of effort into the electronization of public administration services.

"I do not dare say that we will complete the e-government project but we will provide more e-services," he added.

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