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Bulgarian Cabinet Promises Not to Raise Taxes While in Power
Date: 25/08/2011
Bulgarian Cabinet Promises Not to Raise Taxes While in Power

Bulgaria's government of Prime Minister Boyko Borisov and his center-right GERB party will not raise taxes until its term ends in 2013, the country's Finance Minister and Deputy PM Simeon Djankov promised Thursday.

In in interview for the Bulgarian National Television, Djankov also revealed he has reached a consensus with Interior Minister and fellow-Deputy PM Tsvetan Tsvetanov concerning the "new state budget balance" issue.

Recently, the Finance Minister stated that the Bulgarian government has been giving too much money for the security sector, and too little for science, education and culture, promising that was bound to change in 2012.

Djankov's remark triggered a negative reaction on behalf of Tsvetanov, who said that the Finance Minister "is not the person who will say how the budget of the nation will be distributed."

Commenting on the international financial situation, the Minister reiterated his belief that decreasing deficits is the most crucial step to be undertaken.

"Currently, only short-term solutions are being sought, focused on financing growing deficits – in Greece, in Portugal, in large parts of Europe and in the US. But the real question is how deficits could be decreased everywhere," he stated, adding that he believed neither the US nor the EU have given adequate answers to that.

Topic: Financial

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Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Melnik, the smallest town in Bulgaria, is located in Blagoevgrad district. It is a town-museum having 96 buildings pronounced for cultural monuments. Melnik is also famous for its wine made of unique varieties of grapes, and for the sand and limestone pyramids - exceptional geographical structures for the territory of Bulgaria.

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