GERB leader Boyko Borisov has launched a sharp attack on proposed tax changes in Plovdiv, condemning the measures as a direct strike against working people and entrepreneurs while dismissing current fiscal policies as an outright failure.
Resisting Tax Adjustments and Future Repeal
Borisov made it clear that GERB will vote against the tax adjustments. He went further, pledging that the party will repeal them should it return to government, emphasizing GERB’s traditional stance as a right-wing party supporting low taxes.
Inflation, GDP Growth, and the Euro Debate
He argued that inflation functions as a hidden tax because it generates higher budget revenues. Pointing to GERB’s past administrations, he noted multiple increases in the country’s gross domestic product, contrasting that growth with current economic conditions. He praised Finance Minister Gălăb Donev for acknowledging that the euro is not the root cause of inflation, but described the current pricing environment as a complete failure for consumers.
Excess Profits and Warnings on New Debt
Addressing the planned excess profit tax, Borisov asserted that banks and retail chains will immediately pass those costs onto consumers rather than paying them directly. He warned that the state is drifting toward a Greek scenario, insisting that the government must spend only what it earns rather than accumulating new debt.
Fuel Export Policies and Domestic Market Protection
The GERB leader turned his attention to fuel markets, criticizing a recent law that permits the local refinery to export diesel outside the country. Borisov questioned the logic of allowing fuel exports while retail prices exceed two euros per liter and supplies face potential tightness. He contended that any available fuel surpluses were produced under old oil prices and should be released directly to the domestic market to protect consumers.
Speculative Profits and Supply Instability
Borisov warned that if diesel is exported and the war in Iran does not stop, fuel could become scarce, leaving speculative actors to reap large profits. He reiterated that a GERB administration would not have permitted the recent escalation in fuel prices.
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