FORBESBULGARIA.COM: LARGER EU BUDGET POSES RISKS FOR BULGARIA

FORBESBULGARIA.COM: LARGER EU BUDGET POSES RISKS FOR BULGARIA

In ForbesBulgaria.com, Petar Ganev from the Institute for Market Economics (IME), as part of the Epicenter network, warned that Bulgaria’s support for a significantly larger EU budget through the ‘Friends of Cohesion’ group carries serious risks, including new European taxes and greater fiscal centralisation. The article presents the network’s Alternative EU Budget proposal, which caps the Multiannual Financial Framework at around 1% of GNI, calls for deep cuts to inefficient spending, and prioritises competitiveness and the Single Market over expanding fiscal transfers.

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).