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
Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..
In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..
As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..
Mostly Cloudy
Cloudy
Cloudy
Scattered showers