Bulgaria's State Debt Rose by BGN 1 B in June

Business » FINANCE | July 23, 2014, Wednesday // 14:47| Views: 1183 | Comments: 1
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Bulgaria: Bulgaria's State Debt Rose by BGN 1 B in June File photo.

Bulgaria's state debt as of end of June 2014 has reached EUR 8.11 B, shows the monthly state debt bulletin of the Finance Ministry. 

Just within a month (June) it increased by nearly BGN 1 B (EUR 489.2 M). 

The main reason for this was the extraordinary floating of state obligations worth BGN 1.228 to provide liquidity to the country's banking sector. 

The internal debt in June has reached EUR 4.1292 B (in May it was EUR 3.6323). The foreign debt in June was EUR 3.9867 B (in May it was EUR 3.9944 B).  

According to the Finance Ministry as of end of June the state debt was 19.7% of the country's GDP.

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Tags: state debt, Finance Ministry, Bulgaria, foreign debt
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EDC - 24 Jul 2014 // 11:26:52

IS it to fund the out going government pensions to keep them in the lifestyle they are now in.