The minimum wage rises next year

21.04.2016
The minimum wage rises next year

Managing adopted a medium-term budget forecast for the period 2017-2019 year. There came to the conclusion that the minimum work should be increased next year. The decision lays down the ceilings of spending on individual level spenders of budget and fiscal relations over the next three years.

This document is upbeat and allowed the development of national and world economy. However, fiscal policy is tight and observes the Bulgarian realities. Bulgaria's image predictable partner without problems in the economic and political sphere. This should attract more foreign investment during that period.

Deficit will remain unchanged, 1.4% and 1% of GDP. Taxation remains the same. The tax burden will shift from direct to indirect taxes.

Interestingly, despite the problems in health and education, to provide more money for defense. Planned are retooling and enhancing the defense capabilities of the armed forces - to ensure the continuing airworthiness of aircraft MiG-29, acquisition of a new type of combat aircraft and multifunctional modular patrol vessels. As for health care and education provided good wishes, such as improving citizen satisfaction, transparency in spending and more.

Besides raising the minimum wage, provides recalculation of all pensions for employment with more weight one year of pensionable service. The increase will be at a rate equal to or greater than the percentage specified in Article 100 of CSR.

Regarding transport, forecast natural enshrined transport development in the European Format. Optimization of transport infrastructure.

Remains to be seen whether the optimism truly will be acquitted and different sectors will be able to develop according to plan.

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