Bulgaria's Debt Was EU's Second-Lowest in 2013

Finance | April 23, 2014, Wednesday // 14:00|  views

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The debt of Bulgaria amounted to BGN 14.733 B last year, as the latest statistics show.

The account deficit in 2013 was BGN 1.178 B, or 1.5% of the country's economy, according to data by the National Statistical Institute (NSI) cited by Expert.bg and confirmed by Eurostat.

NSI numbers also show that have been accumulated in the budget's Central Governance (BGN 1.42 B) and Insurance Funds (BGN 81 M) subsectors, whereas the Local Governance subsector has registered a surplus of BGN 327 M.

According to the fresh data, Bulgaria ranked as the EU country with the second-lowest GDP in 2013, lagging only behind Estonia, which had a debt amounting to 10% the size of its economy.

The country was also among those with lowest current account deficit. Luxemburg, on the other hand, was the only state with a budget surplus.

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Tags: debt, account, deficit, EU, surplus, NSI


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