Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
Bulgaria’s government debt decreased to EUR 12.31 B in nominal terms last month, slightly down from EUR 12.25 B at end-April, Finance Ministry data showed on Wednesday.
External debt was EUR 7.92 B at the end of May, unchanged from April, while domestic debt increased to 4.39 B, up from EUR 4.33 B.
Debt-to-GDP ratio was 28.8% at end-May, little changed from 28.7% a month earlier. Domestic debt-to-GDP ratio was 10.3% and foreign debt-to-GDP ratio was 18.5% at the end of May.
Over 78% of Bulgaria’s government debt was denominated in euro, while lev-denominated debt was just below 21% of total debt at the end of May.
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Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
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