Assen Vassilev says stop budget leaks and avoid tax hikes

Opposition leader Assen Vassilev contends Bulgaria can avoid raising taxes and social security contributions by eliminating wasteful government spending on what he terms piggy banks and clubs. The We Continue the Change chairman warned that parliament risks approving the worst budget in 25 years with the steepest increases since the Zhan Videnov administration.

Vassilev accused the GERB party of functioning as a tax collector for oligarch Delyan Peevski rather than maintaining center-right principles. He argued the proposed dividend tax would force companies to withdraw investments while discouraging private sector wage increases, damaging both investment and consumption drivers of economic growth.

The politician presented his alternative following a budget committee session that advanced health, social security, and state budgets through first reading. Employers have offered similar proposals to redirect funds away from questionable expenditures while preserving current tax rates.

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