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Institutions to play bigger role in Bulgaira's revenue collection

Date: 29.06.2007

Institutions should play bigger role in the process of collecting funds for the state budget, Prime Minister Sergei Stanishev said.

By June 25, the national customs agency should draft measures for better collection of excise duties and VAT, Stanishev said.

By the end of June, revenue is to reach 3.15 billion leva, Stanishev said after meeting with the agency’s head Assen Assenov.

Stanishev is carrying out a series of talks with representatives of national fund collection institutions to ensure more efficient revenue collection practices.

Higher revenue would enable Cabinet carry out its social priorities, Stanishev said.

Excise duties on fuels, tobacco products and alcoholic drinks had serious growth potential, Stanishev said. Better control was needed over duty-free trade and institutions also had to work closely with the Interior Ministry, he said.

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