Bulgarian President Considers Imposing No Veto over New BGN 16 B Debt

Domestic | February 26, 2015, Thursday // 07:38|  views

Bulgarian President Rosen Plevneliev. Photo: BGNES

Bulgarian President Rosen Plevneliev is not considering to impose veto on the issue of new BGN 16 B debt, which was approved by Parliament on Wednesday.

Plevneliev announced this after his participation at the awards ceremony of the Bulgarian forum of business leaders on Wednesday, daily Dnevnik reports.

The Head of State said that the parliament's decision did not mean that billions will be withdrawn automatically, as the budget for 2015 clearly stated the limit for the issue of new debt.

According to him, the limit will be observed and the same will be done for the budgets for 2016 and 2017.

Plevneliev assured that he is to continue to monitor the fulfillment of the government's commitment to increase the fiscal reserve and its transparent management.

The President expressed his satisfaction with the broad political agreement that was reached in parliament and with the clarifications made by Finance Minister Vladislav Goranov.

He asked no comparison to be drawn between his veto on the request of Prime Minister Plamen Oresharski's Cabinet for update of the budget and the current situation.

Plevneliev justified his veto with the then government's attempt to artificially increase the expenses and reduce the revenues, which would have resulted in a large deficit.

The Head of State encouraged all parliamentary represented parties to retain their constructive tone and responsible attitude towards the forthcoming discussion of the more significant and urgent reforms.


Tags: Bulgaria, Rosen Plevneliev, president, parliament, debt, Vladislav Goranov, budget, fisal reserve, Plamen Oresharski, veto, reforms

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