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News: Bulgaria>> Goal of the Finance Ministry is to reduce VAT to 16%

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Current date: 2010-02-09 05:49

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Goal of the Finance Ministry is to reduce VAT to 16%

Politics: Monday, 2009-10-19 08:00
Article by: Darik Radio

The goal of the Finance Ministry is to reduce by the end of the cabinet`s term the Value Added Tax (VAT) to 16% from the current 20%, said Finance Minister, Simeon Dyankov. He said that the country is suffering a budget imbalance, spending significantly less on healthcare and education compared to the other EU Member States and promised the medics in Bulgaria a 50% wage increase in 2010.

Dyankov supported the idea of copay and additional health insurance because for him this is the way to secure quality healthcare and eliminate cash payments "under the table." A price list for all medical procedures is to be prepared with the participation of finance experts and different versions for the copay will be ready for discussion in the next two weeks.

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