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Prime Minister Boyko Borissov addressed the Bulgarians through his personal profile on one of the social networks. Here is what he said:
“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. In 2019 we advanced one place and now we are in Second place Estonia with the lowest general public debt in the EU 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 of the growth of the turnover in romishlenostta the domestic market and reached 9.7% compared to the same period last year. The volume of business in retail for January-February also increased and our exports of goods in a 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 have also taken steps to restructure the EU co-financed operational programs, which will provide BGN 870 million for measures to support the economy and fight COVID-19 infection. In its forecasts, the EC states that the strength of the Bulgarian economy and the positive fiscal and external balances before the outbreak of the COVID-19 pandemic are a prerequisite for a rapid economic recovery. Experts’ expectations are that this will happen in 2021, so the government will do everything possible to help all Bulgarians, “Boyko Borissov wrote.
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