1 June 2026 | 10:10
The new European priorities must not be implemented at the expense of cohesion policy, the president said at the opening of this year's Green Transition forum
NEWS
Rosen Plevneliev tells CNN: Governments ought to spend according to what they have, not according to what they want
2012-05-27 20:00:00
Governments should spend according to what they have, but not as much as they want. This is the way to achieve a better balance between measures to curb spending and to promote economic growth, President Rosen Plevneliev said in an interview with CNN World Report, broadcast on May 26. To make progress, first you must have stability, the President said. In his words, Bulgaria's macro-economic stability achieved in recent years is the basis for sustainable growth. However, it is the result of much effort and structural reforms.
“We're not perfect. Unemployment reached 11.5%, while economic growth is only 0.51%. Many politicians talk about growth, but my opinion is that growth cannot be bought and cannot be based on new debt at the expense of future generations,” President Plevneliev told CNN.
MORE FROM NEWS
29 May 2026 | 16:04
As a NATO ally and a member of the European Union, Bulgaria will always support Romania’s actions to defend its territory and the lives of its citizens, the head of state writes.
26 May 2026 | 15:03
The Head of State held a meeting with the heads of diplomatic missions of the Member States within the framework of the Cyprus Presidency of the Council of the EU
18 May 2026 | 15:03
The Head of State participates in the World Urban Forum Summit