The Bulgarian government would spend nearly 1.2 billion leva from the state budget surplus on social activities and infrastructure, the political council of the ruling coalition decided on September 5, Dnevnik daily quoted “participants in the meeting” as saying.
Council met on September 5. Photo: Government.BG
Currently, Bulgaria had accumulated a surplus of 4.2 billion leva.
A media statement by the Cabinet said that the surplus would be used in two main fields: social and investment. It would guarantee the social protection and life improvement of pensioners and additional funding for healthcare, education and security would be provided. According to Dnevnik’s sources, 60 per cent of the 1.2 billion leva would be used for social activities.
The council reached a political agreement that a large portion of the surplus would be used to endow the Silver Fund, which would guarantee a long-term stability of the pension system, the Cabinet’s media statement said. The fund had collected nearly one billion leva so far.
A working group of representatives of the three ruling parties would be assigned to prepare a plan for the utilisation of the rest of the surplus. The plan would be ready by mid-September and filed to Parliament for discussion.
© 2001-2008, Sofia Echo Media Ltd.
September 5, 2008
BULGARIA: Budget surplus for social protection of pensioners, healthcare
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SOFIA (Sofia Echo), September 5, 2008:
By Elitsa Savova
The Bulgarian government would spend nearly 1.2 billion leva from the state budget surplus on social activities and infrastructure, the political council of the ruling coalition decided on September 5, Dnevnik daily quoted “participants in the meeting” as saying.
Council met on September 5. Photo: Government.BG
Currently, Bulgaria had accumulated a surplus of 4.2 billion leva.
A media statement by the Cabinet said that the surplus would be used in two main fields: social and investment. It would guarantee the social protection and life improvement of pensioners and additional funding for healthcare, education and security would be provided. According to Dnevnik’s sources, 60 per cent of the 1.2 billion leva would be used for social activities.
The council reached a political agreement that a large portion of the surplus would be used to endow the Silver Fund, which would guarantee a long-term stability of the pension system, the Cabinet’s media statement said. The fund had collected nearly one billion leva so far.
A working group of representatives of the three ruling parties would be assigned to prepare a plan for the utilisation of the rest of the surplus. The plan would be ready by mid-September and filed to Parliament for discussion.
© 2001-2008, Sofia Echo Media Ltd.
The Bulgarian government would spend nearly 1.2 billion leva from the state budget surplus on social activities and infrastructure, the political council of the ruling coalition decided on September 5, Dnevnik daily quoted “participants in the meeting” as saying.
Council met on September 5. Photo: Government.BG
Currently, Bulgaria had accumulated a surplus of 4.2 billion leva.
A media statement by the Cabinet said that the surplus would be used in two main fields: social and investment. It would guarantee the social protection and life improvement of pensioners and additional funding for healthcare, education and security would be provided. According to Dnevnik’s sources, 60 per cent of the 1.2 billion leva would be used for social activities.
The council reached a political agreement that a large portion of the surplus would be used to endow the Silver Fund, which would guarantee a long-term stability of the pension system, the Cabinet’s media statement said. The fund had collected nearly one billion leva so far.
A working group of representatives of the three ruling parties would be assigned to prepare a plan for the utilisation of the rest of the surplus. The plan would be ready by mid-September and filed to Parliament for discussion.
© 2001-2008, Sofia Echo Media Ltd.
