The deputy prime minister Donchev: The Eurozone will accelerate the economic development of Bulgaria

Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev expressed confidence that a large part of the fears associated with the euro will be overcome in the coming year. He stressed that Bulgaria has a public commitment to explain and clarify to citizens how to deal with these challenges, thereby increasing confidence in the state.

Among the main benefits of Bulgaria's membership in the eurozone, Donchev pointed to the easier access of the state to financing and of economic operators to credit, as well as an increase in the level of investor confidence in the country. He highlighted the benefits of the "injection" of 4-5 billion BGN financial resources from the EU funds and the Recovery and Resilience Plan into the economy, compared to investing in credit resources.

The Deputy Prime Minister also emphasized the maintenance of a reasonable tax burden, which should limit government spending to the most necessary. According to him, using the tools of education, Bulgaria should produce increasingly complex products with an ever-higher tax burden, consuming more qualified labor.

Donchev stressed that the main function of the Council for Economic Analysis (CEA) to the Council of Ministers is to provide different points of view to the attention of the government, as the greatest harm to the state would be caused by mistakes in economic management. He warned that "the most dangerous thing is when we have a collective consensus".