A new rise in inflation in our country and an increase in the price of goods and services due to the conflict in the Middle East. This is what the member of the Governing Council of the Bulgarian National Bank Lyubomir Karimanski predicted on NOVA.
According to the financier, the government's expectations for price control will probably not be justified, and the state must prepare for new economic pressure on households.
"Inflation in our country will continue to increase and will probably exceed the government's expectations," commented Karimanski, quoted by the television.
In connection with the economic situation, the financier also analyzed the first steps of the caretaker government to assist the citizens most affected by expensive fuels. He gave a positive assessment of the decision not to distribute money indiscriminately.
"The correct approach is targeted measures - to target groups, not to all companies", the economist pointed out, drawing a parallel with energy compensations during the war in Ukraine.
Regarding the discussed aid of 20 euros for households with incomes up to 780 euros, the expert was categorical that transparent estimates are needed from the Ministry of Finance.
"Here it is very important to know if there are clear estimates made by the Minister of Finance together with his colleagues who have discussed this topic," he emphasized. Karimanski added that the biggest challenge will be the administrative distribution, so that the funds reach precisely those in need.
During the television appearance, the topic of appointing a new deputy governor of the Bulgarian National Bank was also touched upon. According to Karimanski, such key personnel decisions should be left to the next regular parliament, which has the necessary trust.
In conclusion, he pointed out that although the caretaker cabinet has started correctly with the targeted measures, Bulgaria needs a completely new state budget. The economist explained that only a regular government can prepare a financial framework that can actually protect the most vulnerable from the upcoming price shock.