POLITICS IN BRIEF

Politics | August 9, 2001, Thursday // 00:00

The government`s BUDGET DEFICIT for the first seven months of year 2001 amounts to BGN 481 M, the Finance Ministry announced. The income stands at BGN 3.876 Bln., while the expenditures amount to BGN 4.357 Bln.
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According to the estimate of the Finance Ministry the PATENT TAXES should be increased by 30-35%. They have not been amended over the last two years so their increase is necessary to compensate the accumulated inflation. The concrete parameters of the tax increase will be fixed as of the beginning of 2002.

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