The new Bulgarian government's first budget has not delivered on as many tax cuts as it had originally planned after talks with the International Monetary Fund.
Led by the country's former child King, Simeon Saxe-Coburg, the government had pledged to implement a series of tax cuts and raise social spending but had to abandon many of its plans. The deficit has also been reduced by half of the government's quoted figure.
According to reports from the BBC online news service, the government has kept to its promise to increase salaries and pension payments but its agreement with the IMF has drawn strong criticism from the country's trade unions who are considering street protests in response.
.
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment