Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

VAT on oil, fruit and vegetables to remain at 20%, bread will not be taxed

Photo: BGNES

Bread will not be taxed with VAT,  the parliamentary budget committee, which is debating the second reading of the state budget update, has decided.


The committee, however, rejected the proposal of GERB and Vazrazhdane parties to reduce the tax on oil, fruit, vegetables and other agricultural products from 20 to 9%. Outgoing Finance Minister Assen Vassilev commented that the lower rate would lead to serious losses for the treasury, while the effect would be doubtful. 

The draft budget update also envisages an increase in the state debt limit to BGN 5.2 billion. The financial framework is calculated at an inflation rate of 11.9% and economic growth of 2.9%.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Wednesday: Cloudy and rainy in the west

On Wednesday the minimum temperatures will be between 5 and 10°C, in Sofia 9°C. Cloudiness will be significant with showers m ainly in the western half of the country. There will be heavy rainfall in south-western and south-central Bulgaria. Highs..

published on 5/14/24 7:05 PM

Toll cameras will start measuring the speed of vehicles

Work is underway to ensure that toll cameras start measuring the average speed of motor vehicles . This should happen within the next six months, caretaker Minister of Interior Kalin Stoyanov said.  The delivery of 273 new cameras is expected..

published on 5/14/24 6:04 PM
Sofia University

State universities announce protest readiness

In the beginning of next week - May 20, all Bulgarian state universities and some private universities will not open their doors as a warning. This is what an open letter distributed by the Council of Rectors in Bulgaria to the media reads...

published on 5/14/24 5:29 PM