The Budgetary Framework of 2016-2019 for the General State Administration was published in the Official Gazette, on 18 January 2017. The Budgetary Framework of 2016-2019 contains a series of budgetary estimates and limitations for the covered period. In accordance with the Budgetary Framework, the 2017 Budget will overcome the constraint incorporated in article 20(1) of Law 32-2014, by which the amount of direct taxes raised shall not subject to exceed 40% of the total amount of direct and indirect taxes raised.
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