02.06.2017
Prime Minister Boyko Borissov met today with the Vice President of the European Commission for the Euro, social dialogue, financial stability, financial services and Capital Markets Union Valdis Dombrovskis.
Dombrovskis is in Bulgaria for a conference that will present the specific recommendations for our country within the framework of the European Semester 2017.
The EC Vice President presented to the Prime Minister the Reflection Paper for Deepening the Economic and Monetary Union until 2025, published by the Commission. He pointed out that, like the White Book, the document does not constitute an action plan but the basis for discussion among the member states. “It presents different ideas which aim to contribute to the establishment of a common vision for the Euro, as well as concrete steps for its implementation,” said Dombrovskis.
During the talks, the reform progress of our country in the fields of finance, the labor market, social policies, education, and healthcare was also discussed. The EC Vice President noted that Bulgaria has been strictly implementing the Stability and Growth Pact. He also mentioned the growth rate of the Bulgarian economy, which is above the average for the European Union. According to him, the main challenge for the accession of our country to the Eurozone is to overcome the macroeconomic imbalances.
Prime Minister Boyko Borissov pointed out that finding a solution to this problem remains among the key government priorities. He also underlined that an improvement in the structural balance has been observed. As a result of the achieved fiscal consolidation, the public debt has been stabilized at a low and sustainable level, far below the average for the Eurozone and the EU, highlighted Borissov. He also noted that thanks to the good work of the revenue agencies and the determined fight against smuggling, the budget incurs surpluses, with forecast data for the month of May predicting that those will go over 1,6 billion BGN.
Preserving fiscal sustainability and carrying out a consistent, transparent, and predictable tax policy will continue, because these are preconditions for improvement of the business climate, encouraging investments and stimulating the labor market, which are main priorities for the government, pointed out Prime Minister Boyko Borissov.
