Sat, Feb 11 2012

Bulgarian Cabinet backtracks on health care contributions hike

Wed, Mar 17 2010 15:50 CET

byThe Sofia Echo staff

985 Views 1 Comment
Bulgarian Cabinet backtracks on health care contributions hike

One by one, Finance Minister Simeon Dyankov's proposals that would increase Budget revenues are being rejected because of public opposition.

Photo: Anelia Nikolova

Bulgaria's Cabinet decided on March 17 to overturn an earlier decision to increase mandatory health care contributions by two percentage points to 10 per cent, the Government press service said in a statement.

"Today's decision is a result of the discussions and deeper analysis of all effects from the possible increase of the health care contribution," the statement said.

On March 10, the Cabinet decided to increase the contributions as a means to compensate for the 300 million leva transferred to the National Health Insurance Fund (NHIF) to cover higher than budgeted costs in January.

The measure was criticised by opposition parties, employer associations, labour unions and economists for increasing the tax burden during a period of economic recession.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous*******Thu, Mar 18 2010 05:43 CET

This comment has been removed by the moderator because it contained foul, abusive or discriminating language


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

More in this category

US embassy in Sofia announces youth essay contest

Works will be reviewed by a group of judges, and winners will receive certificates and prizes.

Bulgarian police bust drug distribution gang in ‘Operation Hammer’

Seven arrested, including ‘The Squirrel’ who was found in possession of 10 00 euro, Interior Ministry says. Mobile phones, computer equipment and drug paraphernalia seized.

Bulgaria’s winter weekend weather – cloudy and cold with light snow

Maximum temperatures across the country will remain mostly below zero.

Mild earth tremors in Bulgaria on February 10

The first tremor was at about 12.34am, followed by another three minutes later. Their epicentres were located between the towns of Radnevo and Topolovgrad.

Bulgaria halts electricity exports after power plant accident

There was no risk of blackouts caused by insufficient power supply, Economy Minister Traicho Traikov told Bulgarian National Radio.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.