Protests Force Bulgaria to Repeal Budget
Budget proposed raising social security contributions and doubling dividend tax to 10%.
Government spending at 46% of GDP funded by higher taxes and increased public debt.
Protesters formed human chain, threw bottles, and injured three police officers.
Prime Minister Rosen Zhelyazkov said budget will be revised after talks with social partners.
Opposition warned higher taxes could hinder investment and spur inflation.
1 month ago