NSI Preliminary Data: The Government Debt of Bulgaria for 2019 is 24 205 Million BGN or 20.4% of GDP

Business » FINANCE | April 22, 2020, Wednesday // 14:04| Views: | Comments: 0
Bulgaria: NSI Preliminary Data: The Government Debt of Bulgaria for 2019 is 24 205 Million BGN or 20.4% of GDP Photo by Michael Longmire on Unsplash

According to preliminary data of the National Statistical Institute the General Government Institutional Sector reported in 2019 a surplus of 2 470 million BGN or 2.1% of GDP. The surplus in Central Government sub-sector amounted 2 349 million BGN or 2.0% of GDP. The Local Government sub-sector reported deficit of 146 million BGN and the sub-sector Social Security Funds reported surplus of 266 million BGN. The Government Debt of Bulgaria for 2019 is 24 205 million BGN or 20.4% of GDP.

Source: NSI

The statistical information on the activities of General Government institutional sector including debt, deficit and surplus is elaborated according to the harmonized EU methodology1 . In implementation of Council Regulation (EC) No. 479/2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community, each member state provides to Eurostat (European Commission) preliminary data on deficit/surplus and debt for the reporting year as of 31st March of the next year and the final data - as of 30th September of the next year, the NSI said in a press release.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: NSI, preliminary data, GDP, surrplus, government debt
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
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