By 2021, GERB had introduced a conservative financial policy. Then came Assen Vassilev, who started taking out loans to cover higher pensions and loans. What happened in Budget 2025 shows the effect of what happened in recent years in finance, Finance Minister Temenuzhka Petkova told bTV, quoted by novini.bg.
"Budget 2025 could have looked different. But we need time. This budget is the possible budget. Budget 2025 is the beginning of the stability of public finances."
Despite all the criticism, Budget 2025 managed to solve the problem with income policy, to allocate resources for municipalities, there is also an increase in pensions, we have also activated the rehabilitation program, said Petkova.
"Expenditures in the health insurance sector are nearly 6 billion leva more compared to previous years."
"24 billion leva will be the revenues from VAT - a 33% increase, added the Finance Minister:
"Our vision regarding this emphasis related to VAT revenues is related to the fight against the shadow economy. NRA analyses show that the shadow economy is reflected more in VAT. What we envisage is an increase in VAT revenues by 6 billion. lv."
Petkova assured that the government has not accumulated new expenses in the budget and there can be no talk of a new hole in the budget.
The Finance Minister also added that the government will stop the bleeding of the "Energy" sector, by withholding tax from the excess profits of energy companies.
Our coalition did everything possible to have a regular cabinet, concluded Temenuzhka Petkova.