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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.

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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