National Assembly Passes 2008 National Budget Bill on First Reading

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The National Assembly passed the 2008 National Budget Bill on first reading after a nearly nine-hour-long debate. The vote was 163 in favor, 59 against and no abstentions.

Parliament also voted, 4-65 with 146 abstentions, to defeat a 2008 National Budget Bill including a draft judiciary budget of the Supreme Judicial Council.

"In this budget, too, the Bulgarian Government prioritizes the creation of sufficiently guaranteed conditions for financial stability, for stability of the Bulgarian national currency, of personal income and conditions for sustainable and fast economic growth," Prime Minister Sergei Stanishev said at the end of the debate. He argued that there is no serious, in-depth public debate on budget policy and budget implementation.

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