Bulgarian government approves 60 anti-crisis measures

10:44, April 01, 2010      

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The Bulgarian government approved on Wednesday a package of 60 measures aiming to tackle the crisis and to fill 1.1 billion U.S. dollars into the state budget.

Early on Wednesday after several days' discussion the National Council for Tripartite Cooperation (NCTC) whose members are representatives of the government, trade unions and employers' organizations, agreed on 59 of these measures, and this bundle will be tabled at the country's parliament for approval.

"The employers and trade unions are convinced that these measures are reasonable and through them the expected result will be obtained," Konstantin Trenchev, leader of the Confederation of Labor Podkrepa told a joint press conference.

According to the Bulgarian Industrial Association's Chairman Bojidar Danev, these measures will shift the burden of the crisis between all citizens.

The government expects about 346 million dollars from selling up to 50 million ton carbon dioxide emissions, about 311 million dollars by cutting the state administration, and about 173 million dollars by privatization of state companies through the Bulgarian Stock Exchange.

Some 24 million dollars have to come into the budget by doubling the annual taxes for homes whose value is over 207.421 dollars and for cars valued over 48.398 dollars, and by tripling the taxes for yachts and aircraft for private use.

The only measure which a consensus was not reached in NCTC was the changing regulations concerning the compensation for sickness. The government offered the employers to pay the first two sickness days and the third day to be at employees expense while now the employer covers the first day and the other two days are covered by the National Social Security Institute.

Source: Xinhua


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