Bulgaria: Finance Ministry Ready with Budget Update
Bulgarian Finance Ministry is ready with a draft budget update, which will be submitted when a working parliament is formed.
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%.
Bulgaria has the lowest minimum wage among the European Union member states as of January 2025, standing at 551 euros
Since being created as a joke cryptocurrency , Dogecoin has become a popular cryptocurrency with an active community of developers, traders, and investors.
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone
Representatives of Bulgaria’s ruling coalition have once again highlighted a significant deficit in the state budget, with Stanislav Balabanov from "There Is Such a People" (TISP) stating that 2025 will be a transitional year regarding the eurozone
Valeri Belchev, former acting Minister of Finance, recently expressed strong concerns about Bulgaria's financial management, particularly focusing on the lack of proper budget management tools
Kalin Hristov, former deputy governor of the Bulgarian National Bank and former finance minister, expressed concern over the public discourse on key economic issues
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability