Podcast in English
Bulgarian National Radio © 2022 All Rights Reserved

VAT on oil, fruit and vegetables to remain at 20%, bread will not be taxed

Photo: BGNES

Bread will not be taxed with VAT,  the parliamentary budget committee, which is debating the second reading of the state budget update, has decided.


The committee, however, rejected the proposal of GERB and Vazrazhdane parties to reduce the tax on oil, fruit, vegetables and other agricultural products from 20 to 9%. Outgoing Finance Minister Assen Vassilev commented that the lower rate would lead to serious losses for the treasury, while the effect would be doubtful. 

The draft budget update also envisages an increase in the state debt limit to BGN 5.2 billion. The financial framework is calculated at an inflation rate of 11.9% and economic growth of 2.9%.


Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Cloudy Sunday with showers and thunderstorms

At night, there will be considerable cloudiness over the western and northeastern regions of Bulgaria, as well as rain showers. The sky will be mostly clear over the rest of the country. On August 14 showers and thunderstorms are..

published on 8/13/22 5:50 PM

"Rojen" ship has successfully transported Ukrainian grain to Ravenna

The cargo ship "Rojen", controlled by the company "Navigation Maritime Bulgaria" and sailing under Maltese flag has docked in the Italian port of Ravenna. The bulk carrier departed from the Ukrainian port of Chernomorsk with 15..

published on 8/13/22 5:09 PM

"We Continue the Change" will not form coalition with Boyko Borisov's GERB

"We Continue the Change" party will not form a coalition with GERB while the party is led by Boyko Borissov, former Prime Minister Kiril Petkov told journalists. He added that there was no decision as to whether "We Continue the..

published on 8/13/22 3:46 PM