Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Bulgaria's nominal state debt grew by EUR 560.9 M in 2011 year-on-year, according to Finance Ministry data released Friday.
At the end of 2011, Bulgaria's nominal government debt amounted to EUR 5.946 B, including EUR 3.487 B external debt, and EUR 2.458 B domestic debt, the data indicates.
"The growth of the debt in absolute terms is due to the new domestic and external funding received throughout the year, as well as to the currency exchange differences in its reassessment," the Bulgarian Finance Ministry explained.
Thus, at the end of 2011, Bulgaria's state debt amounted to 15.5% of the country's GDP.
A total of 53.3% of the Bulgarian state debt is in EUR, 28.6% - in BGN, 15.6% - USD, and 2.5% - in other currencies.
At the end of 2011, Bulgaria's state guaranteed debt amounted to EUR 612.1 M, up by EUR 25 M year-on-year, including EUR 606 M in external debt, and EUR 6.1 M in domestic debt. The state guaranteed debt is 1.6% of Bulgaria's GDP.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
Finance officials and the Bulgarian National Bank have issued a series of warnings about Bulgaria’s fiscal and economic outlook for 2026, highlighting rising pressure on public finances, slower growth, and higher inflation.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began