Bulgaria's Gross External Debt Exceeded EUR 38.6 B at End of February

Business » FINANCE | April 28, 2015, Tuesday // 17:42
Bulgaria: Bulgaria's Gross External Debt Exceeded EUR 38.6 B at End of February The headquarters of the Bulgarian National Bank (BNB). File photo

Bulgaria's gross external debt exceeded EUR 38.6 B at the end of February, representing 90.6 % of the country's GDP.


This was a decrease of more than EUR 1 B or 2.8 % compared to the end of 2014, the Bulgarian National Bank (BNB) informs.

The gross external debt at the end of February increased with more than EUR 1.6 B or 4.5 % compared to the same month in 2014.

Long-term liabilities exceeded EUR 28.8 B, which was a drop of EUR 980.8 M compared to the end of 2014 and an increase of more than EUR 1.2 B on an year-on-year basis.

Short-term liabilities amounted to more than EUR 9.8 B, declining with EUR 204.3 M compared to the end of 2014 and increasing by EUR 443.7 M on an year-on-year basis.

The general government's gross external debt was in excess of EUR 5.5 B at the end of February, decreasing by EUR 450.2 M compared to the end of 2014 and increasing by more than EUR 2 B on an year-on-year basis.

The external debt of banks amounted to more than EUR 5.4 B, decreasing by EUR 106.3 M compared to the end of 2014 and dropping by EUR 356.6 M on an year-on-year basis.

The external debt of other sectors exceeded EUR 11 B, which is a decrease of EUR 111.1 M compared to the end of 2014 and a drop by EUR 331.2 M on an year-on-year basis.

The stock of intercompany lending was in excess of EUR 15.7 B, which is a decrease of EUR 427.6 M compared to the end of 2014 and a growth of EUR 223.8 M on an year-on-year basis.

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Tags: Bulgaria, external debt, BNB, liabilities, government, banks, lending

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