Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

Bulgarian Socialist Party wants to know what EUR 2 billion from the fiscal reserve was spent on

Rumen Gechev
Photo: BGNES

“We are worried by what is happening in Bulgaria’s finances, and especially the management of the fiscal reserve, as well as the state the Silver Fund is in and how secure it is,” said Rumen Gechev from the Bulgarian Socialist Party (BSP) in parliament. In his words, the information disclosed by Finance Minister Rositza Velkova indicates that a total of around EUR 2 billion from the fiscal reserve was spent in the months of March and April. “We have the suspicion it was not spent as allocated,” Rumen Gechev said, and added that there is a sensitive component of the fiscal reserve – the Silver Fund, which guarantees the stability of the state pensioning system Rumen Gechev added that the BSP wants an official answer, from the minister of finance, to the question what this money was spent on.

The money from the Silver Fund and for the European projects is there, in the fiscal reserve, the Ministry of Finance stated in response. Publicly available data is attached to the ministry’s statement regarding the state the fiscal reserve is in and the balance in the so-called “single account” at the Bulgarian National Bank.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria to donate unserviceable S-300 anti-aircraft missiles to Ukraine, Defence Committee proposed

Bulgaria to donate to Ukraine unserviceable anti-aircraft missiles and ammunition for automatic small arms . This was voted by the Defence Committee in a draft decision on providing additional military aid to the invaded country.  The proposal by..

published on 9/26/23 7:40 PM

Yellow code for strong wind will remain in force in 6 areas of Eastern Bulgaria

On Wednesday, the minimum temperatures will be from 11 to 16°C, in Sofia - 11°C. It will be foggy in the east. During the day, there will be scattered clouds, more significant over the mountains, but there will be almost no precipitation there, either...

published on 9/26/23 6:50 PM

MPs ban private labs at border

Phytosanitary control at border crossings will be carried out only in the laboratories of the Bulgarian Food Safety Agency (BFSA), MPs decided. Deputies adopted at first reading a bill to amend and supplement the Agri-Food Chain Management Act,..

published on 9/26/23 6:37 PM