standartnews.com banner
 BUSINESS Wednesday, 9 October 2002 
 

HEADLINE NEWS

  BULGARIA
  OPINION
  FEATURES
  INTERVIEW
  SPORT
Bulgarian Edition
English Edition


mobiltel.bg mtel.net www.bta.bg www.focus.bg/ www.bbc.co.uk svobodnaevropa.org pss.bglink.net gyuvet.ch

Bulgarians Twice as Poor In 7 Years

Do reduce below the line expenditures and tax rate, World Bank experts advise

The poverty rate in Bulgaria is two times higher as compared with 1995. The per capita yearly income was $1,560 in 2001, which accounts for 31 percent of the average earnings in the European Union, reads the report of the WB - "Review of Below the Line Expenditures and Institutions". WB experts presented the report before ministers, MPs, trade union leaders, economists and businessmen yesterday. Taxes and especially monthly social insurance contributions are too high. To decrease them, though, first of all budget expenditures should be cut down. To the World Bank experts, the subsidies for energy sector and BDZ (State Railways) should be also reduced.
Stephan Kioutchukov

Your Comment

  

 
Back to the top © Standart News. All Rights Reserved.   |   webmaster