Forecast for the collapse of the Bulgarian economy, how they will pay pensions and wages – Bulgaria



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“This money is gone. They will not be produced next year, because this year we will have a collapse in all cases of gross domestic product, although not as projected by the European Commission, but in the range of 3.5-5, 5% – we forecast. And next year we will not have a full recovery. Thus, those with several billion more expenses will actually lead to a significant deficit in the budget for next year, which will be financed with loans, “he said. to the air of “Hello, Bulgaria” on the plans of NOVA to increase pensions and salaries the president of the Association. of industrial capital in Bulgaria Vasil Velev.

He noted that already planned new debt of up to BGN 10 billion will likely be enough to cover the budget deficit, if the army is not replenished and there are no other unforeseen expenses.

Sacheva: all pensions will be increased equally from next year

“> Sacheva: all pensions will be increased equally from next year

“With land we will pay increases in pensions and salaries in the budgetary sphere. These are not anti-crisis measures. Many of these higher costs to us are absolutely wrong and done incorrectly. For example, the sharp increase in the minimum pension makes real income insurance meaningless, ”Velev said. According to him, pensions should be determined by the insurance that is paid, not administratively.

“When the pension is so small that it is not possible to live with it, then social assistance comes into play,” Velev emphasized.

He again raised the issue of payment of the first 3 days of sick leave by companies instead of the NSSI.

NCTS did not agree on salaries in state administration

“> NCTS did not agree on salaries in state administration

The president of BICA said that only last week the number of unemployed increased by 108 thousand and this trend has been observed in recent weeks. This is related to seasonal employment. At the same time, there is already a visible recovery in the industry and people are being hired.

“Hopefully this second wave of coronavirus will not lead to new closures,” Velev said.

“We do not know how the government imagines the economic framework and the development of the economy until the end of this and next year. To assess whether some measures are adequate, we need to have a general idea. So far we have not published any. Maybe today, tomorrow or the day after tomorrow this will be done, since the budget must be presented to parliament before the end of the month, ”said financier Lyubomir Datsov.

Regarding the promises of increased pensions and salaries for those who work in the budget field, Datsov commented that “all these payments are expenses, and those that are not destined for any specific purpose. This policy, given the current parameters, means that the government imagines that next year there will be a recovery of the economy with growth between 3% and 4% per year. Have inflation, say within normal limits, up to 2%. In other words, the crisis is over. These are parameters of optimism. “

Sacheva: We will not touch the Silver Fund

“If we launch things now, in 2022 we will have to adjust them, because there is no place to get this money for a long period of time, unless they are saved from somewhere,” Datsov said.

He is adamant that the stability trend of the National Social Security Institute should not be reversed with deficit spending, because this could lead to the collapse of the pension system in about 4 years.

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