Reply to thread

Message: [QUOTE="Munyaradzi Mafaro, post: 64102, member: 636"] CITUB President Plamen Dimitrov addressed budget concerns on NovaNews while acknowledging deficit warnings above 5 percent and inflation despite projected revenue increases of 6 billion leva. Dimitrov criticized tight tax forecasts aimed at achieving a 3 percent deficit target, but he defended the capital program as unprecedented in scope. He suggested existing shortfalls could be covered through program implementation by year's end without derailing eurozone entry plans. Dimitrov opposed VAT increases as harmful to low-income citizens through indirect taxation. He recommended balancing next year's deficit to 3 percent through improved collection rates and taxation mechanisms rather than relying on tax hikes. The union leader emphasized directing energy sector funds toward development programs while maintaining optimism about short-term deficit resolution. [/QUOTE]