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Vladislav Panev: The no-confidence vote on the "conquered state" has no chance of bringing down the government

For me, the big reason for inflation is the budget deficits, which are not only being made in Bulgaria. Poland had news of a nearly 7% deficit for this year, it will have to be reduced to 6.5% next

Sep 2, 2025 21:29 1 178

Vladislav Panev: The no-confidence vote on the "conquered state" has no chance of bringing down the government  - 1

According to politician Vladislav Panev, the no-confidence vote on the "conquered state" has no real chance of bringing down the government.

"Obviously, this topic is being given publicity, but it would be good to emphasize it from the parliamentary rostrum as well. Otherwise, it is perfectly clear to everyone that this vote will not pass," Panev said in the studio of "Denyat ON AIR".

Panev is categorical that the opposition in Bulgaria cannot be united – On one side are the pro-European parties such as PP-DB, and on the other - the pro-Russian forces, including "Vazrazhdane". He expects a possible overlap of votes in the no-confidence votes, but not lasting cooperation between them.

However, according to him, the biggest problem for society is not the topic of the "conquered state", but rising prices.

"For me, the big reason for inflation is the budget deficits, which are not only being made in Bulgaria. Poland had news of a nearly 7% deficit for this year, it will have to be reduced to 6.5% next year. The trade wars that started under Donald Trump and the closure of economies in general. This also leads to inflation and a slowdown in potential economic growth, which Bulgaria must also take into account, including in the 2026 Budget," Panev commented to Bulgaria ON AIR.

He warned that Bulgaria is already using "accounting tricks" to conceal the real size of the deficit, which is actually significantly higher.

"These mechanisms, capital expenditures to occur through an increase in the capital of the Development Bank and the Bulgarian Energy Holding, so that they do not affect the budget deficit - these are accounting tricks that have been done in recent years, every year, to keep the deficit to 3%. If these capital expenditures were made through the budget, as is normal, then this year the budget should have been at a 6% deficit," Panev noted.

On the topic of BDB, Panev recalled that the credit ceiling of 5 million leva was introduced due to previous abuses with huge loans to related companies. However, according to him, this limit is already outdated and should be increased to 7-8 million, since inflation has devalued the money.

He sees a point in BDB promoting exports and innovation, but insists that the bank could be privatized to reduce the risk of political abuse. Panev does not rule out the possibility that billions aimed at capitalizing state-owned companies and municipalities could be siphoned off through commissions.