In the 2+ economy 2 doesn't always make 4, and when it comes to tax and insurance, 2+2=3.5 and the Treasury's accounts are most likely to be wrong.
This is what financial journalist Stefan Antonov said in connection with the upcoming adoption of the State Budget for 2025, BNR reports.
"In 2025, the economy is expected to slow down and any increase in taxes and insurance could lead to businesses either closing down, moving to the gray sector, or making people switch to 4-hour shifts working day. Any mechanical increase in taxes or insurance can surprise us", he pointed out.
According to Antonov, the first job of the 51st National Assembly should be to "call the Minister of Finance and in an unequivocal way she will say what are the reasons leading to the deficit", which is expected to be between 6 and 9% of GDP, and then look for the solutions.
"With measures everything can be achieved, but these measures can be painful - an increase in taxes or an increase in insurances,", he also said.
The most correct behavior would be to set that level of deficit, even above 3%, i.e. a procedure will be opened by the EC on excess deficit, let's endure it painfully and shamefully, and then have a strict plan on how to limit this deficit in the next 3 years, the financial journalist believes, and explained that this is a decision that will not depress the economy .
He believes that if the National Assembly does not approve the number of new loans, which next year should be between BGN 12 and 18 billion, the state risks becoming bankrupt because it cannot meet its obligations, even though we the country in the EU with the lowest indebtedness to GDP.
In Stefan Antonov's words, the parties "have already written off the Eurozone, but they don't dare to say it". "With this state of public finances, entry into the Eurozone has been pushed back until at least 2028-2029, but whoever says it first will be accused of sabotaging the effort, and that's why they are silent, but they have already written it off," Antonov added. .