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Bulgarian recovery and sustainability plan is inadequate, but must be submitted to the EU in time, warned Simeon
Dyankov and
Milen Velchev, former financial ministers.
Both former finance ministers were adamant that prompt revision of the budget is necessary. According to
Dyankov, the goal should be to see what is the real state of the national budget. A quick audit is needed to see where several billion of the reserve has been spent. Our reserve usually is BGN 10-12 billion, not BGN 8 billion, as minister Ananiev announced today, said Simeon Dyankov.
At the moment numbers don’t match, explained
Tuesday the Council of Ministers passed a decision moving to
Parliament for ratification a loan agreement between the EU as
lender and Bulgaria as borrower under the EU s SURE instrument,
the government s information service said.
SURE is a European instrument for temporary support to mitigate
unemployment risks in an emergency following the Covid-19
outbreak.
million euros, with a maximum maturity term of 15 years. The
term for utilizing the funds is 18 months, starting as of
September 30, 2020.
expected to be supported with the money from SURE, to keep
140,000 jobs, said Finance Minister Kiril Ananiev.
Prime Minister Boyko Borissov is quoted as saying that the