'Regressive Party Subsidies' Bill Tabled in Bulgaria's Parliament

Politics » DOMESTIC | December 22, 2016, Thursday // 14:53
Bulgaria: 'Regressive Party Subsidies' Bill Tabled in Bulgaria's Parliament File photo, BGNES

The Reformist Bloc (RB) coalition has tabled a regressive system for allocating subsidies to political parties per each vote in parliamentary elections.

Under the proposal, tabled by the RB's Bulgaria of Citizens Movement (DBG) party, the size of state subsidies will vary between BGN 11 and BGN 0.11, depending on the number of votes earned by a party in the last parliamentary election.

The current system provides for a stable BGN 11 allocation per vote.

The RB's plans, however, suggest the value should only be retained for the first 150 000 votes.

This figure should fall by gradually fall by BGN 1 per every additional vote received.

Each vote after the 1 000 000 mark should only bring BGN 1.

The model will allow parties to meet their needs without using the current excess in funding they are unable to spend and forced to put in bank deposits, a trend that "irritates people," news website Dnevnik.bg quotes DBG lawmaker Nastimir Ananiev as saying in Parliament.

DBG's draft comes after Bulgarians overwhelmingly voted in a referendum to have state subsidies reduced to BGN 1 per vote. The poll, however, remained non-binding due to a shortfall of 13 000 ballots which resulted in insufficient voter activity.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article
Tags: DBG, Reformist Bloc, RB, Nastimir Ananiev, subsidies, Referendum
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria