(C) Fiscal Combat

Bulgaria does not possess a flexible monetary policy if any. This turns the fiscal policy into a major economy stabilization factor.

The governing parties dilemma is a dramatic one. The first option they have is to pour money into rational business projects, through a rusty administrative machine with strong corruption bias. The second option is to diminish the fiscal burden, thus pouring cash into the irrational consumers – the households, though this might foster the employment.

Ceteris paribus, the better option for the country in the long run is an investment in projects of national importance such as education, qualification, infrastructure and renewable energy.

Could the politicians though, oil the administrative capacity and swallow the pre-election tactics in order to address the strategic development of Bulgaria?