The main problem of the Bulgarian budget is that revenues lag behind twice the rate of growth from expenditures. Otherwise, we are going to new debts, a hard-to-manage deficit, possibly relying on the Recovery and Resilience Plan. We find ourselves in a situation of liquidity, current liquidity in the state, Galabinov said. He called for consolidation of the state budget and more reasonableness and planning.

"Touching taxes is not so painful in terms of restoring the level of VAT for some sectors," Ivanova explained.

The Budget Committee adopted the extension of the budget

Since 1997, the introduction of the currency board Bulgaria has maintained a reasonable and rational policy. After 2020, this is no longer the case and the problem will get worse, Galabinov explained. "About 20-30% of the Bulgarian economy continues to be gray," he said.

"The situation, without being dramatic, is critical. The latest news that there are ideas to form a government is a ray in the tunnel. The new-old minister will have the opportunity to present a draft cabinet.

According to Galabinov, if the state halves the capital program, the state could have a 3% deficit in the Budget. The Bulgarian economy is decapitalized due to lack of direct investment, lack of private investment, he explained.

Budget 2023