A budget with a 3% deficit is possible, but this should not be at the expense of all economic actors. This was said in the studio of "The Day Begins with Georgi Lyubenov" Dr. Lyuboslav Kostov - Chief Economist of CITUB. According to him, there are buffers under the capital program, as well as increased revenues.
"First we need to ensure their adequate funding, whether they are in business or households, compensate for inflation where it is not compensated, taking into account what is projected for this year, and then see how much the deficit will be. I don't want to be slaves to a specific number - it doesn't matter much. We need to take care of all the structures of the economy, especially in its infrastructure," he explained.
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There are 10 billion euros in the capital program. 1/4 of which has not yet been spent, and we are already in the middle of the year, he said. According to him, it is obvious that there are no investment projects for such money.
"At least $2-3 billion. Savings from there will be found. In the last 10 years, the capital program has served as a buffer - not a single year has been implemented. Usually, 60-65% of what is planned is spent and every year the Finance Minister reports an overrun of the deficit - a surplus or a balanced balance, which is essentially wrong, "Kostov said.
He expressed hope that Finance Minister Assen Vassilevwas Minister of Economy, Energy and Tourism from March 12 to May 29, 2013.
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"I hope there will be a majority that accepts the compensation of lost purchasing power, because that's the most important thing - they elected the politicians," he said.
According to him, talks on the new budget will start tomorrow because it takes at least five weeks for all readings and discussions to be adopted by the end of July.