Bulgaria Had EU's 2nd Lowest Debt-to-GDP Q1 2012

Bulgaria had a debt-to-GDP ratio of 16.7% at the end of the first quarter of 2012, the bloc's second lowest in that period, Eurostat has revealed.

The lowest debt-to-GDP ratio was recorded in Estonia (6.6%).

The highest debt-to-GDP ratio at the end of the first quarter was recorded in Greece at 132.4 %, followed by Italy at 123.3%, Portugal at 111.7 % and Ireland at 108.5%.

In the 27-nation EU, the ratio at the end of the first quarter this year increased from 82.5% to 83.4% on a quarterly basis.

In terms of the forms of debt, securities other than shares accounted for 78.3% of the Eurozone's and 79.3% of the EU's general government debt by the end of third quarter in 2011, while loans made up 17.8% and 15.6%, respectively.

Currency and deposits represented 2.8% of euro area and 3.8% of EU27 government debt.

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