Setting a side the most discussed topics in Bulgaria during the last two months – inflation, corruption and the European funds, several interesting things happened.
"Economic Policy Review" Bulletin ISSN 1313 - 0544
This month the Word Bank presented its EU 10 Regular Economic Report on the new member states of EU. A special focus of the report is the public investments in infrastructure as a factor for economic growth and convergence of the 10 new countries to the average levels of incomes in the EU.
At the end of last month the Parliament passed some modifications in the Bill for social assistance. The change will be to reduce of the limiting 18 months period for continuously getting social assistance for the unemployed. The changes foresee that the period will become one year and would come into force from 1st of July this year.
From now on, the full content of the newspaper, official and unofficial rubrics will be published on the new website the same day as the print publication and in one to one correspondence with it. The access to the Gazette is entirely free of charge.
...It is apparent that the Government is redistributing a very large portion of our wealth (over 40%) and the fact that we generate record breaking budget surpluses speaks for itself. It comes out that regardless of how easy the Government is spending our money it could not spend everything that has been taken from us. This is leading us to the main question: Well, obviously the taxes should be lower, but where do we stat?
“Regulatory Impact Assessment (RIA) is an information-based analytical approach to assess probable costs, consequences, and side effects of planned policy instruments (laws, regulations, etc.). It can also be used to evaluate the real costs and consequences of policy instruments after they have been implemented”...
The National Statistics Institute announced the preliminary data about the gross domestic product (GDP) during the first quarter of 2008. The GDP is estimated at 13 483.5 million levs, while the gross added value (GAV) is 10 946.8 million levs. The real growth of the GDP is 7% and the GAV – 7.6%.