TY - BOOK ID - 133917071 TI - Poverty and Social Protection in Bulgaria PY - 2020 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Poverty and Homelessness KW - Equity, Justice, Inequality, and Other Normative Criteria and Measurement KW - Taxation and Subsidies: Externalities KW - Redistributive Effects KW - Environmental Taxes and Subsidies KW - National Government Expenditures and Welfare Programs KW - Measurement and Analysis of Poverty KW - Government Policy KW - Provision and Effects of Welfare Program KW - Economic Development: Human Resources KW - Human Development KW - Income Distribution KW - Migration KW - Aggregate Factor Income Distribution KW - Welfare, Well-Being, and Poverty: General KW - Poverty & precarity KW - Income inequality KW - Income KW - Poverty KW - Income distribution KW - Fiscal redistribution KW - National accounts KW - Bulgaria UR - https://www.unicat.be/uniCat?func=search&query=sysid:133917071 AB - Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a reduction in fiscal redistribution. The redistributive role of direct taxation has declined with the introduction of a flat tax and social spending is relatively low and decreasing (as a share of GDP), is concentrated on a few social risks, and experienced a decline in its redistributive efficiency. The COVID-19 crisis is likely to deepen income inequality, increasing the room for redistributive policies. ER -