Bulgaria Boasts Second Lowest External Debt in EU
Bulgaria has secured the second spot in the European Union for maintaining the lowest external debt relative to GDP, based on Eurostat data from the end of the third quarter of the previous year
In August 2015 the debt-to-GDP ratio remained unchanged from July, at 28.4%, according to the Government Debt Monthly Bulletin of Bulgaria’s Finance Ministry.
In absolute terms the government debt stood at EUR 12.154 B, down by EUR 2.3 M.
In August 2015, the government debt amounted to EUR 7.892 B, down by EUR 1.5 M from July.
By end-August, domestic debt stood at EUR 4.162 B, down by EUR 0.8 M, while external debt remained unchanged, at 18.4% of the GDP.
The share of domestic debt remained unchanged from July, at 10%.
The relative share of domestic debt stood at 35.1% and the share of the external debt at 64.9%.
By end-August, the currency structure of the government debt stood as follows: 79.1% denominated in EUR, 19.9% denominated in BGN, 0.4% denominated in USD, and 0.6% denominated in other currencies.
Payments on the government debt in the period January – end-August 2015 amounted to EUR 2.91 B., including EUR 2.67 B in repayments and EUR 236.98 M in interest.
By the end of August, the government guaranteed debt totaled EUR 305.8 M in nominal terms, including domestic government guarantees of EUR 25 M.
The government guaranteed debt drops by EUR 5.4 M on a monthly basis from a rate of EUR 311.2 M in end-July.
The relative share of the government guaranteed debt to the GDP remained unchanged, at 0.7%, staying at the same rate since June.
Since the beginning of 2015, payments under the government guaranteed debt amounted to EUR 47.887 M, including EUR 42.8 M in repayments of the principal and EUR 5.08 M in repayments of interest.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
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.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022