Poverty and Social Protection in Bulgaria /

Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a reduction in fiscal redistribution. The redistributive role of direct taxation has decl...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Hallaert, Jean-Jacques
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2020.
Seria:IMF Working Papers; Working Paper ; No. 2020/147
Dostęp online:Full text available on IMF
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520 3 |a Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a reduction in fiscal redistribution. The redistributive role of direct taxation has declined with the introduction of a flat tax and social spending is relatively low and decreasing (as a share of GDP), is concentrated on a few social risks, and experienced a decline in its redistributive efficiency. The COVID-19 crisis is likely to deepen income inequality, increasing the room for redistributive policies. 
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