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
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Bulgaria's Finance Ministry HQ, photo by BGNES
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.
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