PM Calls on US to Follow Bulgaria's Example of Fiscal Discipline
Bulgarian Prime Minister Boyko Borisov has advised the United States to use the example of Bulgarian Finance Minister Vladislav Goranov and his policy of discipline.
Speaking at a conference of the American Chamber of Commerce in Bulgaria (AmCham), Borisov also urged Washington ro revoke visas for the Bulgarian businesses as other EU member states did.
Citing the eased visa regime in neighboring Greece, he said: "Greeks have this privilege, Bulgaria doesn't. Are they more loyal in the EU or NATO?"
"Our taxes are the lowest in Europe and will remain so," he declared.
Bulgaria introduced in 2007 a personal income and corporate tax of just 10%. Defenders of the move say it is drawing millions in foreign investment to the country.
"We have a low debt, our budget is [sic] a 2% deficit," Borisov added.
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