Budget 2026 further stimulates negative processes. It does not help the economy to eliminate imbalances. This was stated to the Bulgarian National Radio by financier Lyubomir Datsov, a member of the Fiscal Council.
According to him, there is a contradiction between fiscal and monetary policy. He emphasized that these policies should go hand in hand. However, in his words, in our country, fiscal policy and monetary policy are opposites.
Datsov noted that the financial framework for next year has the same structure as Budget 2025. According to him, it is difficult to say that there is anything different in the new budget.
There is not a single area in which there is an explanation why there are no declared intentions for changes, he pointed out. According to him, the formulas for automatic income increases create problems.
Datsov believes that deficits are not being controlled, and the debt is even growing by much more than is needed to finance the deficits. According to him, this could lead to a situation similar to the one in Romania.
"Currently, Romania has a relatively low debt - below the criteria - there was no reason to have such an acute budget crisis in terms of debt, but it happened. The other country with severely damaged balance sheets is Hungary. These budget crises have their price, and it is through interest payments, which are skyrocketing," Datsov also said.