Bulgarian FinMin Wants to Shut Down State Reserve

Bulgarian FinMin Wants to Shut Down State Reserve

The Bulgarian State Reserve and War-time Stocks Agency is the new "budget optimization" target of Finance Minister Simeon Djankov.

Djankov announced Friday that the Finance Ministry will table to the Cabinet Wednesday a draft law for the shutting down of the State Reserver and War-time Stocks institution.

"This is an institution that has proven its inefficiency, and its closure will save the budget BGN 80-90 M annually. There are about 600 people working in the State Reserve right now," Djankov said at the Bulgarian-Turkish border crossing Kapitan Andreevo Friday, as cited by Darik Radio.

It is unclear how Bulgaria's war-time stocks will be managed if Djankov gets to shut down the State Reserve Agency.

Djankov further spoke about the draft 2012 State Budget Act, declaring that none of the government ministries had reasons to complain of lack of funding for next year.

"Whoever complains can get another job. Nobody was born a government minister," the Finance Minister and Deputy PM stated.

He further intends to get all newly elected mayors in Bulgaria to lay off 15% of the civil servants in their municipalities' administrations.

"Whoever refuses to do that won't get additional subsidies during the year," Djankov added./Source: Sofia News Agency/

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.