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Thousands of people on the streets of Sofia: Protest against the sudden increase in taxes

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Thousands of people on the streets of Sofia: Protest against the sudden increase in taxes
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Thousands of people gathered in the streets of Sofia, the capital of Bulgaria, to protest against a sharp increase in taxes foreseen in the draft budget for next year, before its final approval in the parliament.

The protest was organized by the opposition coalition, and it is estimated that around 20,000 people took to the streets. The gathering comes at a time when this Balkan country is preparing to enter the Eurozone at the beginning of next year, reports Index.

The protest reflects widespread concern about the budget’s economic impact on citizens and the business sector, including an increase in social security contributions and a doubling of dividend taxes.

Protesters formed a human chain around the parliament building and tried to block MPs’ vehicles, which led to police intervention to prevent violence. The police said that the protesters threw bottles and firecrackers at the officers and that three police officers were injured.

Despite opposition from various social groups and warnings from economists that the draft budget carries significant risks, it is expected to be adopted as the coalition government has a stable majority in parliament.

The budget predicts a record level of state spending of almost 46% of GDP. The increase will be mainly financed by higher taxes for companies and workers and by a sharp increase in the public debt.

(Vijesti.ba)


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