The state has a problem with transparency, we are already in the second quarter of the 21st century, and in the administration, such as the Ministry of Finance, we do not even have budget management software. This is absurd and I am sure that we are the only country in Europe.
This was commented on by the former acting Minister of Finance Valeri Belchev in an interview with the Bulgarian National Radio.
"This opens up all fronts for disputes - what is and is not in the treasury, what has been charged and what has not. This hinders the drafting of a legislative initiative, forecasts cannot be adequately made and how it affects the macroeconomic framework, he pointed out in the program "12+3".
And he pointed out that it is "better to invest in the capital program - in the growth of the economy".
Valery Belchev believes that the currency board is the most humiliating situation in which a currency can be placed:
"There is no doubt that we must get out of this thing and this is humiliating for the state".
According to him, with the planned deficit, debts are mandatory.
"Taxes are an old topic and more and more political factors are advocating raising them. I think this is not a solution. From the structure of expenses, we see that increasing taxes will only pour more into the same hole, we will get the same in a larger amount. The state administration must be shrunk, reduced, and this will help to increase salaries in the state sector. The situation we are in is terrible, because it has come to opposing civil servants and the euro. What do you prefer - – "increase in salaries and not entering the eurozone?". A mood is being created against the Ministry of Interior and on a purely domestic basis, half a million people, with their families, will be ready to compromise with the bright future of the state in favor of their income," the financier predicts.
As for the hole in the budget, he admitted that there is one, but "he has no idea of the amount":
"We may get an unpleasant surprise, because if we pass the 3% deficit, we fall out of the deficit criterion, which makes the exercise with the eurozone meaningless. I hope it doesn't get to that point. It's possible that some of the accounts will be "swept" off-balance sheet, so that it won't be clear what happened. The risk with a convergent report is that we won't be caught and accused of stochasticity, as happened with Greece."