The Threat of a Budgetless State: Could the Country Run Out of Funds by August?

by Chief Editor

B fácilmente anunció que el gobierno/show▌

Bulgaria‘s government is swiftly working to pass a special law to ensure social payments, minimum payment amounts, minimum wages, and business electricity compensation are secure, avoiding inflation. This was stated by MP Asen Vasilev from PP-DB following the first meeting of the Budget Committee, as reported by Focus News.

Vasilev expressed concern that the majority of the committee voted to postpone the 2025 budget review. He warned that if a cabinet is not formed, the budget’s adoption could take 5-6 weeks considering proposed amendments. This, he fears, could leave the state without a budget until August 2025, echoing the 2023 crisis when the caretaker cabinet failed to submit a budget.

Asked how the parliament can adopt a regular budget without a clear majority, Vasilev explained, "A budget can still be adopted if parties agree on a 3% deficit. Anything else can be changed between the first and second readings."

Vasilev urged all parties to vote for the budget in the first reading if they support a 3% deficit, allowing adjustments between readings to maintain this deficit. He dismissed the risk of creating a super deficit in parliament.

Vasilev identified the greatest threat to the country as going without a 2025 budget and a regular government.

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