Bulgarian MPs to Pass Final State Budget 2014
Bulgarian lawmakers will be working overtime Tuesday to hold a final vote on State budget for 2014.
Tuesday is not a day when the Parliament holds sittings.
The fiscal plan of the State for next year already passed first reading in mid-November with the votes of 116 Members of the Parliament.
Budget 2014 provides for an increase in the minimum monthly wage - from BGN 310 now to BGN 340 from January on. The assistance to mothers raising small children, 2 years and younger, is going up as well, from BGN 240 to BGN 310. Raising retirement pensions will also become a reality in June next year.
The fiscal plan further includes a 10% reduction of subsidies for political parties. Thus, they will receive annually BGN 10.8 per vote cast instead of BGN 12, as it is now.
Furthermore, between the first and second reading, the government surprisingly decided to introduce a 20% tax for "green" energy companies producing electricity from sun and wind. Thus, the Treasury will receive an additional BGN 160 M. However, the funds will not be spent, but will be directed to the fiscal reserve.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria's External Debt Jumped to 45.1 Billion Euros
- » Bulgaria: Revenue Growth of nearly 13%
- » Vestbee launches New Program to Support Cleantech Startups
- » Bulgarian Finance Minister: Next Year the Minimum Wage should become BGN 940
- » Bulgarian National Bank: Incompetent and Irresponsible Statements! Changing the BGN-EUR Exchange Rate is Impossible
- » Bulgaria’s Finance Minister: There is No Risk of Bankruptcy