The Flat Tax in Bulgaria: How We Did It, What Are the Results, and What's Next?
Recorded on July 17, 2008
Location: The Heritage Foundation's Lehrman Auditorium
In 2008, Bulgaria joined the group of countries in Central and
Eastern Europe that adopted a flat tax. This was the result of a
campaign led by the Institute for Market Economics and several
other economists begun in 2004. The outcome exceeded expectations
and proved that fears of the government were not justified.
Bulgaria's economy is growing. Opportunities for other reforms
are greater than ever. The government now has the chance to
make Bulgaria the new miracle of Europe. Success, however,
will depend more upon political will than budgetary challenges.