The non-taxable minimum income could become 220 leva a month next year, head of the parliamentary budgetary committee Petar Dimitrov said.

Novinar newspaper quoted Dimitrov as saying such move was going to be good both for businesses and the state economy.

The minimum non-taxable income now is 180 leva. The Finance Ministry planned increasing it to 200 leva.

By the end of the Cabinet’s term in office the corporate taxation was going to be decreased by three to five per cent, Dimitrov said. The current level was 15 per cent, Novinar reported.

In 2007 the minimal salary was going to become 180 leva, Dimitrov said. This was going to make Bulgaria’s indicator better than Romania’s, where the minimal salary was 90 euro.

At the same time Finance Minister Plamen Oresharski determined 2007 as the most difficult year for Bulgaria’s economy after 1997. Some problems were going to result from the contribution the country had to make to the European budget.