site.btaBudget Situation "Far from Being so Bad", Bold Reforms Needed, Says Vazrazhdane MP Drenchev

The budget situation "is far from being that bad," MP Dimo ​​Drenchev from Vazrazhdane told journalists in Parliament on Wednesday. "It won't happen this way, bold reforms are needed," he added.

Drenchev also said that the Progressive Bulgaria coalition won the elections with the slogan "we are ready, we can", but there is nothing to suggest that they are either ready or able to do anything. "It's been 50 days since the elections and there have been no regular committees, and yesterday the Water Act was considered without representatives of the Energy and Water Regulatory Commission present", the MP added.

According to Drenchev, the entire population of Bulgaria will become victims if those in power do not take matters into their own hands and begin to implement the reforms that are needed and for which they have a mandate.

The MP also stated that he was against increases in defence spending. "The promise that the European Union would spend 5% of its GDP on defence is insane, the MP said.

Earlier on Wednesday, Finance Minister Galab Donev said during a briefing at the Council of Ministers that reducing the deficit from 7.4% to 3% is possible and depends on the measures that will be proposed in the State Budget Act and that the government will take.