Bulgaria Takes on New Foreign Debt
Bulgaria has taken on new state debt amounting to 4 billion leva
Debt of 12 Bulgarian Municipalities Increases by 500%
- Tweet
Send to Kindle
BGNES
According to data of the Bulgarian National Audit Office, 56 municipalities face financial difficulties due to large installments for the repayment of their debt, small revenues and weak control.
The amount of municipal debt has increased by 50% in 43 municipalities. There are 12 municipalities where debt has increased by 500%. These include Kameno, Karnobat, Suvorovo, Asenovgrad, Rodopi, Sopot and Dve mogili.
The National Audit Office noted that, with respect to most municipalities, the ratio between own revenues and debt installments is unbalanced.
Last year, the Finance Ministry approved legal changes in order to help municipalities achieve financial rehabilitation. Despite the fact that there is an option for interest-free credits to be granted by the state, not a single municipal financial rehabilitation plan has been approved so far.
Related Articles:
Bulgaria’s Newly Accumulated Debt for 2025 Reaches 1.5 Billion Leva
Bulgaria has accumulated 1.5 billion leva in new debt since the beginning of the year
Nearly 120,000 Young Bulgarians Struggling with Debt
Nearly 120,000 young Bulgarians are currently in debt
Big Tax Increases for 2025! See What’s Changing in Your Municipality
Several Bulgarian municipalities have adjusted their local taxes and fees for 2025
Society | January 11, 2025, Saturday // 11:04
Bulgaria's State Debt Projected to Rise Significantly Through 2028
The Bulgarian Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times
Bulgaria's Local Governments Outpace National Stability, Report Reveals
A recent study reveals that local governments in Bulgaria are more stable than national ones amidst ongoing political instability,
Politics | December 15, 2024, Sunday // 10:13
Bulgaria’s Euro Debate: Economist Calls for Addressing Legitimate Public Fears
Economist Georgi Stoev has launched a personal awareness campaign on social media to address concerns about the euro introduction in Bulgaria
What Bulgaria’s Euro Adoption Means for Your Loans and Bank Accounts
Bulgaria’s transition to the euro raises many questions about how loans and payments will be handled
Bulgaria’s Eurozone Entry Seen as Inevitable by Banking Experts
During the Investor.bg Banking Today conference, held on May 13 at the Inter Expo Center, Prof. Raul Eamets emphasized that Bulgaria is practically already linked to the euro due to the currency board
Eurozone Readiness: Bulgaria Achieves Deflation in April, Meeting Key Euro Criterion
Bulgaria has reported a deflation rate of -0.8% for April 2025, with annual inflation recorded at 3.5%
Every Day Brings a New Millionaire Depositor in Bulgaria
According to the latest data from the Bulgarian National Bank (BNB), the number of individuals in Bulgaria holding bank deposits of over 1 million BGN continues to rise steadily—at an average rate of one new millionaire depositor per day.
Lending Grows by 20.7%, Household Deposits Up 11.4% in March – BNB Reports
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
