An article reviewing Bulgaria's early market reforms implemented under harsh external conditions and considerable dislocation of the local economy. The article predicted that realistic growth scenarios for must be predicated on a debt and debt service reduction on Bulgaria's large external...

This paper utilizes the 1992 household budget survey of Bulgaria to show the poor revenue effects of the income tax structure prevailing in 1992 which did not take into account the underlying distribution of income. We also show that Bulgaria can benefit from a much simpler and lower income tax...

The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentralization during the early transition (1990-95) from centrally planned to a market economy. The paper discusses salient features and reform issues in tax assignments, inter-governmental relations,...

Bulgaria is one in the group of Eastern European countries in which single-party communist rule came to an end in 1989. This paper presents an overview of the consequent political change and economic policy in Bulgaria as the transition progressed, up until the end of 1994