Bulgaria's Govt Debt at EUR 6.78 B by end-November 2013

Finance | January 3, 2014, Friday // 16:18|  views

Bulgaria's Finance Ministry building, photo by vesti.bg

Bulgaria's government debt by end-November 2013 amounted to EUR 6.78 B, according to Finance Ministry data.

Bulgaria's government debt consisted of internal debt of EUR 3.13 B and external debt of EUR 3.65 B.

In nominal terms, the debt grew by approximately EUR 59 M compared to the level registered in end-October.

This was mostly due to the issuing of Treasury bonds on the domestic market during the review month.

At the end of the reporting period, the government debt-to-GDP ratio stood at 16.8%, with 9% internal debt and 7.8% external debt.

As regards the structure of government debt, the share of internal debt amounted to 46.2% and the share of external debt stood at 53.8%.

By end-November, the share of government debt denominated in EUR was 53.2%, that in BGN 32.8%, in USD 12.6%, and 1.3% in other currencies.

Government debt payments in November amounted to BGN 39 M.

Since the beginning of 2013, payments denominated in EUR had the biggest share, at 62.1%, followed by payments denominated in BGN, at 33.4% and payments denominated in USD, at 4.2%.

Government guaranteed debt reached EUR 407.8 M in November 2013.

In nominal terms, it registered a decrease by nearly EUR 8.8 M compared to the previous month, which was mostly due to the repayments made on external government guaranteed loans over the review month.

By end-November, domestic government guarantees amounted to EUR 16.6 M.

The government-guaranteed debt-to-GDP ratio was 1%.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Tags: Finance Ministry, government debt


» Related Articles: