site.btaPresident Radev Calls for Clear Vision on Bulgaria’s Finances and Economy

"I call for a clear vision of what we are doing with the country’s finances and economy," President Rumen Radev told journalists on Wednesday during a visit to the Graf Ignatievo Air Base near Plovdiv, Southcentral Bulgaria.

Asked about the third vote of no confidence against the Zhelyazkov Cabinet, the Head of State replied that it is entirely a matter for the parliamentary parties.

"While public attention is absorbed by intra-party dramas, nostalgia for past premierships, scorekeeping over merits, and black panthers, the budget deficit has already jumped to over BGN 2.5 billion, expenditures are rapidly outpacing revenues, and foreign direct investment is collapsing to record lows. Against this backdrop, the government's reassurances about prices sound increasingly unconvincing, especially as their own regulatory bodies begin to contradict them," Radev said.

The President visited the air base to observe the process of receiving and integrating the F-16 Block 70 fighter jets and to review the stages of construction of the necessary infrastructure.