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The conservative President of Bulgaria, Rossen Plevneliev, has vetoed amendments to the country’s 2013 budget, arguing that there is insufficient transparency on proposed additional expenses, explains Pressa.
Adopted on July 25 by the socialist-led government, the amendments would have paved the way for a spending deficit of 2 per cent of GDP as opposed to 1.4 per cent, which was to be financed by external debt.
The presidential veto “is unprecedented” points out the newspaper, which reports on the anger of employers’ organisations and Prime Minister Plamen Oresharski.
The country’s parliament, which is currently in recess, is expected to vote on the amendments on August 30. An absolute majority will be necessary to overturn the presidential veto, and the nationalists, socialists and Turkish ethnic party are expected to unite to overturn the veto, notes the Bulgarian daily.
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