Bulgarians will work to pay their taxes this year until Labor Day - May 1, according to a publication by the Institute for Market Economy, a Sofia-based think-tank. The so-called "Tax Freedom Day" is a symbolic date when employees stop working for the State treasury and begin earning for themselves.

In Bulgaria, this day traditionally falls in May, and its earlier arrival over the last four-five years is attributed to the economic crisis and the wider budget gap i.e. the State seemingly takes less, but continues to spend as before by using reserves and accumulating new debts, the Institute's experts say, Novinite reports.