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Following GERB, Ruling Coalition Proposes Treasury Bonds for Citizens

From Dnevnik · () Bulgarian

Translated from Bulgarian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Lawmakers from the "We Continue the Change – Democratic Bulgaria" coalition have proposed changes to the State Debt Act.
  • The proposed amendments would allow citizens to purchase government securities (state treasury bonds) as an investment option.
  • This initiative follows a similar proposal previously put forth by the GERB party.

A second bill proposing amendments to the State Debt Act has been introduced in the Bulgarian National Assembly. This new legislative initiative, authored by members of the "We Continue the Change – Democratic Bulgaria" (WCC-DB) coalition, aims to broaden investment opportunities for citizens by enabling them to purchase state treasury bonds (ДЦК).

The proposed changes would effectively create a retail savings instrument, allowing individuals to invest directly in government debt. This move is seen as a way to provide a secure investment alternative for the public while also potentially helping the government diversify its funding sources.

This legislative effort by WCC-DB mirrors a similar proposal that was previously put forward by the GERB party, indicating a cross-party interest in developing citizen-accessible government debt instruments. The specifics of the WCC-DB proposal detail how citizens could acquire these securities, though further parliamentary debate and potential revisions are expected.

DistantNews Editorial

Originally published by Dnevnik in Bulgarian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.