Houston, we have a problem. Judging by all the news and statements from the government on the subject, it looks like Budget 2021 will be the most wasteful in a long, long time. The entire budget process and the discussions surrounding it are extremely puzzling to anyone with basic economic literacy. Why in …
More »Why do I support the additional tax for programmers?
Hello, my name is Mitko Saitov and I am a programmer. I decided to respond to Tancho Gargov's comment regarding the proposal for an additional tax for programmers. Nobody eats software? Tancho, you are absolutely right. I am a programmer myself and have some experience in my profession. In recent years, I have been …
More »Food voucher market research in Bulgaria
State of the system, socio-economic impacts and prospects for liberalization This study provides a macroeconomic, socio-economic and fiscal assessment of the possibility of liberalizing the food voucher system in Bulgaria. You can read the full text of the study here. It takes into account the development of the country since 2012, especially the dynamics of incomes …
More »On public spending and business cycles
Yesterday the government announced its intention to increase the salary levels in the state administration by 10%. The measure is expected to come into effect from January 1, 2019, and according to initial estimates it will cost all of us taxpayers between 800 million and 1.1 billion leva. This is certainly great news…
More »ECB: Raising the minimum wage leads to layoffs and higher prices
A European Central Bank[1] (ECB) survey of more than 8,079 companies from EU Member States in Central and Eastern Europe (CEE)[2] aims to understand how increases in minimum wages (MW) are affecting businesses in these countries. 456 Bulgarian companies were asked what …
More »Infographic: The demographic crisis in the education system
Graph 1: Students as % of population per 10,000 people (1900-2016) Source: NSI There is a demographic crisis in Bulgaria. The number of students is decreasing. It is normal in such a situation that the number of teachers is also decreasing. What is actually happening is shown in the NSI infographic, which was published yesterday. It is also happening …
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EKIP– Expert Club for Economics and Politics A Different Opinion