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The Triple Coalition reworks Budget 2009

Submitted on Friday, 5 December 2008No Comment
The Triple Coalition reworks Budget 2009

The Council of the Triple Coalition is convening today afternoon, in order to rework the project for the state budget for next year.

After two weeks ago the parliament approved the cabinet’s calculations, now they will have to be reconsidered because of the world economic crisis.

It is expected that after the meeting, the buffer in the expenditure part of the project budget will increase from 7% to 10%. The health care installment will remain 6%, while the insurance burden of employee, employer and state will be in the ratio 8:12:12, and not 8:10:12.

The ruling coalition assumes a 2,5 billion levs less in the income part of the budget, while the Gross internal product must be about 3 billion levs less. It is expected that the re-worked project will assume 5% inflation.

The coalition assumes that the budget surplus will be 2%, but in case of unfavorable economic conditions it might decrease to 1%.

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