No danger of falling into debt crisis, says prime minister

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No danger of falling into debt crisis, says prime minister

The prime minister, Galab Donev, said in an interview with Nova TV that the state finances are stable and there is no threat to the currency board, the lev-euro exchange rate, wages and pensions.

According to the report by the Minister of Finance about the budget deficit and the measures proposed by the cabinet, a term like bankruptcy of the state can't be seen and the phrase was just a media headline. There is no danger of falling into a debt crisis, but we are increasing collection, which for January and February is over 650 million euro more than that of the regular government, the Prime Minister said.

Galab Donev said there was a trend of price reduction in large stores and that talks are still being held with retailers about the markup ceiling proposed by the cabinet, as well as the measures by the state related to price control of basic food products.