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Budget 2018 is extremely left-wing

Budget 2018 is extremely left-wing. This is important to say. When you increase taxes, when you increase public spending, this is left-wing politics. This was said by EKIP economist Nikola Filipov on the Investbook show on Bloomberg TV Bulgaria with host Dimitar Vuchev.

"This, to me, is a serious problem that will lead to deep problems for the entire economy at the macro level over the years."

The request is that more money is being allocated for the people, but the truth is that political calm is being bought, the guest added. "This is the first budget that lays the foundation for a four-year mandate. If some people thought that this government would not last, this budget should prove to them that this will be the fight."

"Huge resources are being given to sectors that are deeply unreformed - healthcare, education."

"Once again, the budget lacks deep structural reforms, which is a huge problem for the state. At the moment, these problems are being masked thanks to serious economic growth."

Regarding the choice of Kiril Ananiev as Minister of Health, the guest said that this is certainly an excellent choice, but the key will be the extent to which he will have the freedom to implement the changes he would like to introduce.


Original publication on Bloombergtv.bg

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About Nikola Filipov

Nikola Filipov graduated in "Investment Management" from the University of Reading, specialized in "Business Analysis and Valuation" from the London School of Economics and Social Sciences (LSE) and "Finance" from the National University of World Economy. He has a master's degree from HENLEY BUSINESS SCHOOL in Investment Management. Nikola currently holds the position of Managing Partner of "Innovo Investment Management". Member of the Board of Directors of EKIP.

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