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Milen Velchev: Rumen Specsov will deal with Lukoil

Nothing is inevitable, there are other options for the budget, said the former finance minister

Nov 16, 2025 19:36 174

Milen Velchev: Rumen Specsov will deal with Lukoil  - 1

This budget is very similar to the 2025 budget. This was commented on bTV, quoted by news.bg, by Milen Velchev, former finance minister and critic of the growing deficit

Around 300 million in new interest per year will go to the new debt that the state takes on, in his words. Nothing rosy awaits the private sector with this budget, is Velchev's position.

No one has any intention of reducing state spending, he explained. Private business will be pressured to create new jobs, according to him. Nothing is inevitable, there are many other options, the former finance minister is categorical.

According to him, we are working with an administration in which it seems that the internet has not yet been created. There are more civil servants than before the internet era, Velchev said, adding that we have been following the Greek scenario for years.

The question is when we will reach the end of the road, the financier warned. He is optimistic that Rumen Spetsov will cope with Lukoil.