Re: And they moan in Britain


Re: And they moan in Britain

From: Standart News
No Pensions Rise in 2012
The state will spend the most on roads, the new president will avail of 550 million levs more


Pensioners will not see any rise of their income next year. A minimal rise in pensions is planned for not earlier than 2013 when pensions will be increased by 2 or 3%, reads the budget forecast for 2012 to 2014, endorsed by the Council of Ministers. The money planned for pensions in 2012 is 7.097 billion levs. Financial experts remind that in 2011 the Cabinet has allotted 7.049 billion levs for the elderly, which means money for a rise is not envisaged. Last year the same item saw no improvement either. The additional 50 million will go for those who will retire in 2012. Nor is envisaged am Overall indexing of budget salaries in 2012.
Roads will be among the top priorities of the Government next year. While the most of the state expenses are not planned to change, the funds for infrastructure will increase by 1.2 billion levs reaching the total of 4.84 billion. A considerable growth of 33%. The capital expenditures namely are envisaged to increase the most in 2012, read the calculations in the budget forecast.
The money for the ministries will see no major shifts compared to 2011. Only the sums allotted to the President?s administration will increase by 550 million levs standing up to 4.73 billion levs. In autumn Bulgaria will elect a new Head of State who will step in office in the beginning of 2012.

Stefan Kioutchukov

Can you quote the news source please.

Standart News

Doesn't seem to bad actually on the surface that is, if they spend the money in the way they say? which is questionable. I don't see why they need so much for the government administration though? unless the president is planning on buying a new yacht? lets wait and see how they spend and if what they say matches latter on? somehow I don't think is will.

In the UK of course there will be a pension increase next year, but now, as in the past, British Pensioners receive the 4th worst pensions in all of Europe. The UK pensioners are expected to subsidise the rest of the benefits system!!

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