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Foreign direct cockpit group investment continued to contract
Tax revenues continue to lag behind
Ideas of Ministers of new public companies November 29, 2013
Despite the crisis and the feeling that the state spends cockpit group less money available to budget actually grew over the past few years. This government is no exception - in 2014 it plans to reallocate nearly 40% of GDP. And in an effort to be both a social and appeal of a ruling handed right audience and a bag of promises, which directly or indirectly cockpit group in the budget for 2014 and 2015 The problem is that the money that has State not stretch like gum. BSP and Oresharski certainly want to distinguish most of the lean pizza former Finance Minister Simeon Djankov, cockpit group but this can not happen without pain known structural reforms. According to economists and MPs from the opposition GERB revenue side of the budget for next year is planned too optimistic to meet the demands for more spending. "The Ministry of Finance expects 2.5 billion lev nominal GDP growth and 1.5 billion lev more revenue. Hence risk for failure of revenue in the 2014 budget is between 600 and 900 million lev problem is that if the deficit be greater cockpit group than expected, the government will have to finance or debt or raise taxes. Currently banks are liquid, so attracting additional funding may not be a problem, the question is that it will be higher price, "explains economist familiar with the mechanics of the budget. Tax increase now means more gray economy and fewer incentives for investment. The latter leads to a slower recovery in economic activity. Although at first glance it seems the opposite step towards greater tax burden is the idea to introduce a non-taxable minimum income level of the minimum wage. With her government wanted to appease the unions, but at the same awake and appetite cockpit group of the BSP to think in the direction of so-called cancellation. flat tax, which is undoubtedly one of the best decisions since the ruling coalition. The text, which governs the tax incentives was introduced as a transitional and final provisions of the budget in 2014 without analysis and without public debate. And it was passed by lawmakers in the relevant committee literally a few minutes. The measure affects between 200 and 400 thousand people (according to different estimates of the government) and the budget is around 150 million cockpit group lev less revenue. It is unclear whether the bill includes the informal economy that will generate tax exemption. For people who receive even one lev more than 340 net will take less than workers at the minimum, ie all wage lev 380 will have an incentive to hide part of their income to benefit from the preferences. Cash burden is carried over because preferences will be paid upon submission of the declaration and only in 2015 when the government "Oresharsky" may not be in power. But it will have an impact in 2014 - a European methodology money will be counted as a deficit in the budget for the year for which they are promised. On the other hand, there are attempts to optimize the budgets of the departments and the average money for their maintenance budget in 2014 was reduced by about 10%. The point is that cutting is mechanically places, cockpit group which in turn creates other problems. "Ministries are underfinanced, leading to an increase in defaults on state and blocking some systems, the Interior Ministry and the Foreign Ministry, for example," says financier. There is another point - that these delays cockpit group are not counted deficit cockpit group on a cash basis, but EU methodology they increase the budget gap for the year in which they arise. With some of its decisions in social government also overload the budget. This is the idea of freezing conditions to increase the retirement age for the most popular category of work. For next year, the slowdown of the reform means 46 million lev more cost state social security (SSS). cockpit group The promise cockpit group of the government is to hit "stop" temporarily to be coined a new mechanism by which to increase the retirement age. But for now, these are just words, but in the meantime the unions demanded the retirement age be frozen for much longer. Managing propose to introduce flexible retirement and to freeze the size and age and