State Debt Decreases in EU, Bulgaria in Q3 2016

Business » FINANCE | January 23, 2017, Monday // 14:06| Views: | Comments: 0
  • Send to Kindle
Bulgaria: State Debt Decreases in EU, Bulgaria in Q3 2016 BGNES

State debt in the entire European Union and the Euro zone has decreased as a percentage of GDP in the third quarter of 2016, showed Eurostat data.

The level of state debt in Bulgaria also marked a drop, compared to the second quarter, in spite of the fact that debt increased on an annual basis (compared to the third quarter of 2015).

Bulgaria’s debt as a percentage of GDP remains one of the lowest in the EU.

At the end of the third quarter of 2016, the debt of all 28 member-states of the EU decreased to 83.3% of GDP of the region, compared to 84.2% in the second quarter of 2016 and below the 85.9% level in the third quarter of 2015.

State debt in the Euro zone shrank to 90.1% of GDP for the same period, compared to 91.2% for the period April – June 2016 and 91.5% of GDP a year ago.

According to Eurostat, in the third quarter of 2016, the lowest level of state debt as a percentage of GDP was registered in Estonia (9.6%), followed by Luxembourg (21.5%) and Bulgaria (28.7%), while the highest levels were reported by Greece (176.9% of GDP), Portugal (133.4%) and Italy (132.7%).

 

Finance » Be a reporter: Write and send your article
Tags: eurostat, EU, state debt, Italy, Portugal, greece, Estonia, state debt, GDP
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria