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Public Debt: New EU Members Are More Flexible
Politics ♦
Published: September 24, 2012; 22:26 ♦ (Vindobona)
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Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
Public Debt: New EU Members Are More Flexible / Picture: © Vindobona.org
In case of Bulgaria, where the individual income tax rate is not more than 10%, public debt only reaches 16.7% of GDP. Government spending only comes at 35.2% of GDP, which is one of the lowest figures in the CESEE region.
The income tax rate in the Czech Republic is 15%. The public debt quota amounts to 43.9% of GDP and government spending…
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