A Year of Loss: Bulgaria's Roads Claim 356 Lives Amid Soaring Accident Rates
Since the beginning of 2024, Bulgaria has reported over 5,600 serious traffic accidents, resulting in 356 fatalities and more than 7,000 injuries
Bulgaria’s Govt Debt at 26.4% of GDP at End-2015
- Tweet
Send to Kindle
Bulgaria’s government debt totalled EUR 11.61 B at the end of 2015, increasing from EUR 11.30 B a the end of the previous year, Finance Ministry data showed on Friday.
Debt-to-GDP ratio was 26.4% as of 31 December 2015, unchanged from the end of 2014. Domestic debt-to-GDP ratio decreased to 8.5%, compared with 9.9% at the end of 2014, while foreign debt-to-GDP ratio increased to 17.9% from 16.5%.
Revised 2014 GDP data (BGN 83.61 B) and 2015 GDP forecast (BGN 85.97 B) were used in the calculations, the Finance Ministry said in a monthly government debt bulletin.
Domestic debt was 32.1% of total government debt, and foreign debt was 67.9% at the end of last year.
Euro-denominated debt was 75.9% of total debt, 23.0% was in BGN, 0.6% in USD and 0.4% in other currencies.
Government debt payments in December amounted to BGN 872.5 million.
In the structure of the debt by instrument, Eurobonds issued in international capital markets continued to comprise the largest share (48.2%), followed by domestic government securities (32.1%) and loans (19.8%).
Related Articles:
Bulgaria's Weather Forecast for October 15: A Mix of Sunshine and Fog
On October 15, 2024, Bulgaria will experience significant cloud cover across the country, with a detailed weather forecast outlining expected temperatures for the day.
Bulgaria Reiterates Commitment to EU Expansion with a Focus on Candidate Requirements
Acting Prime Minister Dimitar Glavchev stated that Bulgaria strongly supports the enlargement of the European Union (EU) but insists
Politics | October 14, 2024, Monday // 17:50
Debt Crisis Deepens for the World’s 26 Poorest Nations, Says World Bank
The 26 poorest countries in the world, which collectively house 40% of the globe's most impoverished population, have accumulated significant debt since 2006
World | October 14, 2024, Monday // 17:42
Seven Parties Poised to Enter Bulgarian Parliament if Elections Were Held Today
If elections were held at the beginning of October, seven political parties would secure seats in the Bulgarian parliament, according to an independent survey conducted by Gallup International Balkan
Politics | October 14, 2024, Monday // 16:16
Bulgarian Political Landscape: GERB Tops Polls, Disillusioned Voters Seek Alternatives
According to the latest survey by the "Mediana" agency, if elections were held today in Bulgaria, the GERB party would receive 24.5% of the vote
Politics | October 14, 2024, Monday // 10:06
Minimum Wages Across Europe: Bulgaria Remains at the Bottom
Bulgaria remains the EU's poorest country, with a minimum wage that feels out of reach compared to central European standards
Bulgaria Prepares for Euro Transition with Double Price Labeling Starting March
Retailers in Bulgaria are gearing up for the introduction of the euro, with double price labeling in BGN and EUR expected in stores starting March
Bulgaria Commits to 3% Budget Deficit in 2025, Finance Minister Confirms
Bulgaria's Deputy Prime Minister and Finance Minister, Lyudmila Petkova, confirmed that the draft budget for 2025 will target a deficit of no more than 3% of the country’s GDP
Bulgarian Retailers Prepare for Euro Transition Amid Complex Changes
Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro
Rising Debt Among Young Bulgarians: A Concern for Financial Literacy
The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria
Gross External Debt in Bulgaria Climbs, Driven by Long-Term Liabilities
At the end of July 2024, Bulgaria's gross external debt reached 43.69 billion euros
