Increasing the budget deficit at this moment would be a great mistake – declared on Thursday Minister of Finance Sebastian Vladescu, who participated in the debates over the Education budget in the joint expert commissions of the two Houses.

The Education commissions rejected the draft budget and pressed for the supplementation to 5% of the GDP of the Education budget. In the given context, the commission members also suggested the eventual increase of the budget deficit.

“We won’t increase the budget deficit because we have a problem with the macroeconomic balance. I admit that we have the narrowest budget deficit of all European states, Bulgaria excepted (the neighbor country even registers a surplus), but setting at jeopardy this highly important and painstakingly attained balance, just one year before our EU accession, for 0.2-0.3% of the GDP, would be a great mistake,” said Vladescu.

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