He noted that Finance Minister Simeon Dyankov on Friday confirmed a statement by his deputy Vladislav Goranov that a large portion of the subsidies will be ready to be paid off after the middle of March. The delay is triggered by insufficiency of resources in the state budget following the repayment of a EUR 2 billion foreign debt inherited from a former government. He pinned some of the cause on new tax legislation that allows companies to pay taxes at several installments.
‘I come out in front of you and you can have my word that this is how things stand at the moment. I understand the grounds behind you decision to protest but the government is working on the possibility to make the payment earlier,’ the minister said.