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
The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..
Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..
The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..
Cloudy
Mostly Cloudy
Partly Cloudy
Fog