According to the Institute for Market Economics, today marks the so-called Tax Freedom Day, reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for themselves.
This year, it took a record number of days (154) for working Bulgarians to provide the money for the treasury, experts found. Tax freedom comes so late due to the expansion of the state budget and the higher levels of revenue redistribution, which have risen from around 37% of GDP in recent years to an expected 42% in the 2025 budget.
Edited by Diana TsankovaPublished and translated by Kostadin Atanasov
Photo: pixabay
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