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Bulgaria to Amend Constitution for Financial Stability by June

1 Min. Lesezeit Quelle: Novinite

Dieser Beitrag ist auf Englisch veröffentlicht.

Aus unserem Nachrichtenarchiv: Dieser Artikel wurde im Mai 2011 veröffentlicht. Zahlen und Regeln können sich seitdem geändert haben.

The Bulgarian Constitution will be amended by June to enforce the provisions of the new Financial Stability Pact, announced PM Boyko Borisov Sunday.

"I hope for the support of all political parties to the Financial Stability Pact, which will turn Bulgaria into a respected and highly trustworthy state," said Borisov in an interview for Nova TV.

The so-called Pact, envisioned by Minister of Finance Simeon Djankov includes three main pillars, to be enforced by constitutional and legislative amendments:

  • introducing a limit to the budget deficit (2%);

  • restricting the power of the state to redistribute public funds (40% of GDP);

  • introducing a qualified majority (2/3) vote in Parliament to change Bulgaria's tax legislation.

Ursprünglich veröffentlicht von Novinite.