Bulgaria’s Govt Debt at EUR 9.572 B in end-September 2014

Business » FINANCE | November 3, 2014, Monday // 12:16| Views: | Comments: 0
Bulgaria: Bulgaria’s Govt Debt at EUR 9.572 B in end-September 2014 Bulgaria's Finance Ministry HQ, photo by BGNES

Bulgaria’s government debt amounted to EUR 9.572 B in end-September 2014, according to Finance Ministry data.

In September, Bulgaria’s government debt increased by EUR 85.1 M on the month.

By September 30, 2014, the share of the debt-to-GDP ratio stood at 23.2% (compared to 23.0% in August), with a 13.4% share of external debt (against 13.4% in August) and a 9.8% share of internal debt (against 9.6% in August).

By this indicator, Bulgaria ranks far below the EU limit of a debt-to-GDP ratio below 60%.

As regards the structure of government debt, the share of internal debt amounted to 42.3% and the share of external debt stood at 57.7%.

The share of government debt denominated in euro was 58.0%, that in BGN 31.5%, in USD 9.6% and 0.9% in other currencies.

Government debt payments in September amounted to BGN 369.1 M.

Payments denominated in BGN had the largest share since the beginning of the year, at 79.5%, followed by EUR-denominated payments at14.7%, and USD-denominated payments at 5.4%.

Government guaranteed debt reached EUR 351.5 M in September 2014.

 The government-guaranteed debt-to-GDP ratio was 0.9%.

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Tags: Finance Ministry, government debt, debt-to-GDP ratio
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