The founder of the blog “The Bridge of Friendship” has given an interview to the television Bloomberg Bulgaria on the fiscal innovations in Romania over the last few years and on the need for higher level of tax collection
On 6th January 2020 the founder of the blog “The Bridge of Friendship” Vladimir Mitev was interviewed by Bloomberg Bulgaria TV on the occasion of his article about the fiscal innovations in Romania between 2015 and 2019. The journalist has analysed measures such as the special VAT rate for food, “the fiscal revolution”, which transferred the burden of social securities’ payment upon the employees, the effects of measures such as “the greed tax” over the turnover of the financial institutions or the elimination of the income tax for the greatest part of the programmers. Some of the good sides of these measures were pointed out – increased consumption, economic growth, higher income. Negatives were also mentioned – such as lack of predictability of the business environment, growth of the budget deficit and the current account deficit and insufficient funding of the public services. Vladimir Mitev predicted that the fiscal policy will be a topic of 2020 as well, because the government of PNL intends on doing a fiscal reform, which is expected to raise the tax collection. On 16th January 2020 the famous Romanian political economist Cornel Ban will present his own report, written together with Alexandra Rusu, on the problems with the Romanian fiscal system at the event, organised by the Friedrich Ebert Romania Foundation in hotel “Intercontinental” in Bucharest. Such events shows that probably there will be more discussions and confrontations to take place over the direction of the fiscal policy in Romania.
What follows is a transcription of the interview, which was realised by Delyan Petrishki:
More than half of Bulgarians gain monthly net income below 256 euro, and close to 80% – below 460 euro, show the official data from the Ministry of Finance, which were presented by the minister Vladislav Goranov in the National Assembly. These figures don’t include the big part of around 2 million pensioners who have medium pension of around 189 euro
This article was published on 16 October 2019 on the site ”Baricada”.
Close to 80% of people in Bulgaria, which are located in “the visible” part of the economy and declare their income, make net income below 460 euro per month. More than half of Bulgarians work for an imposable income below or equal to the minimal salary.
This is what data from the Ministry of Finance show for the paid tax on the income of physical persons for 2018, which were presented by minister Vladislav Goranov in an answer to a parliamentary question by the Bulgarian Socialist Party.
“The world is already full and there is no place for rapid economic growth. What Bulgaria lacks is not more GDP, but a proper thinking on global issues”, affirms the economist Dimitar Sabev in his speech at the presentation of the Jubilee Report of the Club of Rome in Sofia at a conference, organized by the “Friedrich Ebert” foundation
This article was published on 24 February 2019 г. on the Bulgarian blog Bodil.bg and is republished here with the permission of the author.
It is a great honor to take the floor after the lecture of Professor von Weizsäcker – the honorary president of the Club of Rome and a scientist, whose works I have studied since my student years. I would now try to present the Bulgarian context of this important topic: is it possible, and if it is possible, is it rational, to have constant economic growth on a planet, whose resources are limited.