Poverty and Social Protection in Bulgaria

Author/Editor:

Jean-Jacques Hallaert

Publication Date:

July 31, 2020

Electronic Access:

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Summary:

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.

Series:

Working Paper No. 20/147

Subject:

Frequency:

regular

English

Publication Date:

July 31, 2020

ISBN/ISSN:

9781513550190/1018-5941

Stock No:

WPIEA2020147

Format:

Paper

Pages:

34

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