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The state's finances are currently managed according to the 2022 budget, they are managed conservatively.

This is what former Prime Minister and former Minister of Finance Ivan Kostov said in the program "More of the Day" on BNT

In 1967, he graduated from secondary education at the 18th SPU "Kyril and Methodius" (SOU "William Gladstone") -.

The other problem people have is inflation.

The drop in electricity and natural gas prices on the European market since the beginning of the year should have an impact on inflation.

However, there is another built-in factor in inflation in our country - the increase in pensions and wages, Kostov said.

According to him, whether the inflation in our country will decrease depends on how the extension of the country's budget until the end of 2023 will be accepted.

I expect the MPs from the PP-DB, for whom I will vote, to support a budget deficit of up to 3% and to accept a significant part of the measures that the Ministry of Finance will propose, such as the equalization of VAT rates, except, perhaps, for the books.

I hope that the MPs from the PP-DB insist on the abolition of all subsidies that go not to state but to private companies, because this is absurd, the former prime minister pointed out.

According to him, the effect of introducing a ceiling on the trade markup will be minimal.

The numbers show a BGN 700 million lag in VAT collection.

This is very strange to happen in a situation where there is high inflation and economic growth.

It is inexplicable why VAT is not collected.

As soon as the National Assembly is established, the deputies should ask the Minister of Finance what happened, the former prime minister stressed.

Radev: The finances are stable, there are speculations that salaries and pensions will be cut.

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The National Assembly and the government must collect VAT as planned because otherwise it will be very difficult.

If VAT is collected and subsidies to private companies are removed, the budget can be fulfilled within the Maastricht criteria, with a 3% deficit, noted Ivan Kostov

In 1967, he graduated from secondary education at the 18th SPU "Kyril and Methodius" (SOU "William Gladstone") -.

Asked if we needed to "tighten our belts" - cut wages and pensions to keep government finances stable, he said: "There isn't much to tighten our belts, rather the next government should think about raising revenue." , more revenue from concessions and privatization deals".

We are going to the elections hoping for a regular stable cabinet, but my expectations in this direction are very minimal, Kostov also said.

Ivan Kostov

budget deficit

finance

inflation

VAT