Social Minister Hristoskov: We Had the Most Slipshod Election Campaign Sofia, October 6 (BTA) - We had a most slipshod election campaign without any ideas, without clear-cut positions on Bulgarias economic and social development, Deputy Prime Minister and Social Minister Yordan Hristoskov said Monday. He was speaking at an international conference dubbed Economic growth: incentives and restrictions and organized by the Institute for Economic Research at the Bulgarian Academy of Sciences. According to Hristoskov, there is no basis on which the individual parties - be they left, right or centre - can develop their platforms because politicians have already expended the previous recipes of economic science. The theoretical basis on which the right parties built their platforms before the last elections, including reduction of taxes and insurance contributions, greater freedom for business, have largely been achieved in Bulgaria in recent years. Larger tax concessions led to a warping of the economy in the direction of investments which create temporary jobs and after that many of these hotels, business buildings and personal properties stand like monuments. The lower taxes which freed a resource of some 30,000 million leva for business, led to the accumulation of savings in banks by one part of society, without these savings being included in economic turnover. These, according to Hristoskov, are the reasons why well-oriented right politicians did not use this vocabulary of stimulating the economy in the last campaign. Left politicians have also come to realize that words about certain numbers of jobs cannot come true out of the blue. Tentative ideas about reindustrialization, understood as reviving factories which are doomed from the point of view of market needs, also fell through, the Social Minister added. In Hristoskovs opinion, economic science should provide absolutely new theories with absolutely new concepts to replace the vocabulary of politicians with a totally new one./LI/BR
Posted on: Mon, 06 Oct 2014 10:54:52 +0000
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