Podcast in English
Text size
Bulgarian National Radio © 2024 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%.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Orange weather alert for dangerously hot weather remains in place nationwide

Saturday will be sunny and hot. Clouds will form in the afternoon, and there may be brief showers in isolated places in the Eastern part of the country. Minimum temperatures 18-23° C., for Sofia 18° C. Maximum temperatures 35-40° C., for Sofia 35°..

published on 7/12/24 6:30 PM

33 years have passed since the adoption of the new Constitution of Bulgaria

On this day in 1991 the Seventh Grand National Assembly adopted the new Constitution of Bulgaria and dissolved itself, BTA recalls. This was the first new constitution in the former socialist camp, which came into effect the very next day, July 13.  On..

published on 7/12/24 5:49 PM

MPs will not undergo alcohol and drug tests

The Bulgarian MPs have adopted regulations for the organization and activities of the National Assembly, BTA reported. The majority rejected the proposals of "Vazrazhdane" and ITN to have the MPs tested for drugs. ITN's proposal provided for the..

published on 7/12/24 5:23 PM