The Institute for Market Economics, IME, presented its traditional alternative budget for 2022, the first time it is doing so without the existence of a new budget framework. The cabinet has projected inflation of 5%, GDP growth of 4.9% and a budget deficit of 4.1% in the draft budget.
“This is a galloping budget in terms of revenues,” Petar Ganev, IME senior research fellow commented for the BNR. To attain European growth rates, IME experts propose that the social security burden be reduced for workers by 10%. People will retain their earnings and this will push up consumption, as well as the collection rate of social security contributions. To boost investments, the IME experts are proposing a profit tax reduction and an acceleration of allowances for depreciation.
Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..
The National Statistical Institute (NSI) expects a high evaluation from the inspection of the Organisation for Economic Co-operation and Development (OECD), said NSI President Assoc. Prof. Dr. Atanas Atanasov. A report will be released by the end..
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian lev. Converting leva into euros and vice versa is not part of financial literacy in today's extremely..
The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous..
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