Public Debt: New EU Members Are More Flexible

Politics ♦ Published: September 24, 2012; 22:26 ♦ (Vindobona)

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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