Bulgaria's PM Accuses Past Governments of Masking Deficit with Accounting “Gymnastics”

Adrian Bogdan

Prime Minister Rumen Radev said in Montenegro that the European Commission’s move toward an excessive deficit procedure represents a clear judgment on previous governments that aimed to maintain the 3% deficit target through what he described as “ budget gymnastics.” Speaking to reporters during the EU-Western Balkans summit, he argued that fiscal discipline had often been achieved through indirect and delayed accounting practices. Radev outlined several methods he said had been used in recent