The maximum social-security income may be raised to 2,400 euros from January 1. The measure is included in the draft budget plan for next year.
The manager of an IT company estimates that the increase would reduce each employee’s annual take-home income at the firm by around 150 euros. Yasen Tanev questioned what employees would receive from the state in return for the higher deductions.
“We were not expecting a basket of care, but we were expecting good education, healthcare, infrastructure – things that are valuable to us – and better social policy,” Tanev said. In his view, people who pay taxes expect their quality of life to improve, but he said he had not seen such a change.
The higher insurance threshold would also increase companies’ costs. Tanev said his firm would most likely slow or stop salary growth and explain to employees that the change was a state decision that the company could not fully offset.
The previous increase in the maximum social-security income took place in August, from 2,111 to 2,300 euros. A further increase of 100 euros is planned for next year.
Finance Ministry calculations indicate that the measure could bring 265 million euros into the state treasury. Trade unions support it, arguing that it could create opportunities for higher pensions and increase revenue for the National Social Security Institute.
Economists describe the increase as one of the government’s measures to close the budget gap. Adrian Nikolov of the Institute for Market Economics said that many small measures could have a combined effect and, together with other actions, reduce the deficit to the targeted level, possibly as early as next year.
Economists also say the measure will not reduce consumption because high-income groups are not forced to cut their spending.
Source: btvnovinite.bg
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2475 | 19 Oct. 2026 | 18:32
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