Posted on 09/20/2007 3:29:30 PM PDT by Grzegorz 246
Bulgaria's self-proclaimed centre-right party GERB presented on Wednesday its ambitious economic agenda for the 2009 parliamentary polls, which includes a 7% flat tax rate and massive privatisation of state assets.
The party of Sofia mayor Boyko Borissov, who styles himself as the biggest opponent of the country's ruling three-way coalition, was founded last year and previously had no cohesive economic programme.
In addition to arguing for a lower flat tax than the 10% that the current cabinet plans to adopt starting next year, the party's plan includes a monthly tax-exempt minimum of BGN 1000. The average monthly wage in Bulgaria in the second quarter of the year was BGN 406.
Should GERB win the elections and complete its four-year term, its policies can bring a doubling of monthly wages, which could reach as high as BGN 1500-2000, party economist Stoyan Mavrodiev told reporters.
Another key feature of its economic agenda is privatising all state assets in which the state has a majority stake, which includes a bank, the postal company, coal mines, several power stations and tobacco monopoly Bulgartabak, among others.
Furthermore, key parts of infrastructure, such as motorways, airports, ports and bridges over the Danube should be given out on concession, while the state should step out of health insurance and healthcare, which should become private, according to the programme.
That would allow the cabinet to reduce the annual budget to the equivalent of 30% of gross domestic product (GDP), as opposed to the current 40%.
Bulgarian UPR? :)
“Freedom, Property, Justice”.
Exactly, this time they have my vote for sure.
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