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Bulgarian Government's economy stimulus plan to stay unchanged ahead of 2009 elections

Mon, Jan 26 2009 13:36 CET

byDnevnik.bg

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Bulgaria's Government is unlikely to shake up its investment programme as MPs push publicity-stunt projects with general elections coming in July 2009, forecast ruling party members close to the talks between Prime Minister Sergei Stanishev and various ministers.

Stanishev and ministers held a series of get-togethers to pick plans by progress and expected effect to be backed by the 5.6 billion leva of investment spending in the budget.

The talks, that began on January 21 2009, resume this week.

The meetings were meant to cut inefficient costs and encourage economic activity.

Stanishev said last week that the efficient implementation of the investment plan is a main priority as it comes to support businesses.

However, representatives of all institutions have fought tooth and nail to save the full allocation they have been granted saying procedures and procurements are already underway.

Sources close to the negotiations say that Stanishev might agree to redistribute cash so that it can be absorbed until the elections. The ruling majority is now only willing to give up administrative building repairs and new car purchases.

Stanishev met the ministries of emergency situations, finance, education, labour, state administration, transport, environment, regional development and health, as well as the road infrastructure national agency.

Source: Dnevnik.bg

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