Bulgarian President pledges to keep up fiscal stability

Bulgaria will preserve its fiscal stability in the next two years even after street protests brought down the Borisov Cabinet, Bulgarian President Rosen Plevneliev stated on Wednesday.

“In the next 1-2 years Bulgaria will not deviate in any way from its fiscal deficit. Nor will there be any attempts to threaten the very low budget deficit it has achieved,” Plevneliev told Bulgarian reporters in Brussels.

He added that Bulgaria’s authorities are now going to switch to supporting “more productive policies and employment and welfare”.

According to Plevneliev, in the past two years, the Borisov Cabinet should have adjusted its policies in order to tackle Bulgaria’s growing social problems.