Borissov: The government will do everything possible to help all Bulgarians – Politics

Thanks to the disciplined and consistent policy of maintaining a positive or almost balanced balance in recent years, our country has entered a good state in the emergency situation caused by the spread of the coronavirus. This is what Prime Minister Boyko Borissov wrote on Facebook

He was born on June 13, 1959..

In 2019, we moved one place up and are now in second place after Estonia with the lowest EU government debt in 2019: 20.4% of GDP.

Compared to 2018, we report a decrease of this indicator by 1.9%. In the first two months of this year, we reported an acceleration in the growth of industry turnover in the domestic market and reached 9.7% compared to the same period last year.

EBRD: Bulgarian economy will shrink by 5% due to pandemic

Retail turnover in January-February also increased, as did our merchandise exports by 4.9%. Even in March, the budget execution parameters are good, as the consolidated fiscal program reports an excess of income over expenses of 1.2% of projected GDP.

Due to the pandemic and the negative tax effects of declining revenue, due to restrictive measures in Bulgaria and the main trading partners of the EU and third countries, our expectations are that the budget implementation parameters will be somewhat delayed and they will express themselves vigorously. in the second and third quarter of this year.

That is why the Bulgarian government has taken measures to preserve jobs like 60 to 40, as well as a number of other measures to help people and companies. We do not plan to limit payments on large infrastructure projects, planned for financing and implementation with estimates for the year, which will support investments in the event of the expected decline in the non-public sector.

We are also taking steps to restructure the Operational Programs, co-financed by the EU, which will provide BGN 870 million for measures to support the economy and fight infection with COVID-19.

In its forecasts, the EC notes that the strength of the Bulgarian economy and positive external and fiscal balances before the outbreak of the COVID-19 pandemic are a prerequisite for a rapid economic recovery.

Experts hope that this will happen in 2021, so the government will do everything possible to help all Bulgarians.