Bulgaria’s Government Debt Falls Slightly in May

Bulgaria’s government debt decreased to EUR 12.31 B in nominal terms last month, slightly down from EUR 12.25 B at end-April, Finance Ministry data showed on Wednesday.

External debt was EUR 7.92 B at the end of May, unchanged from April, while domestic debt increased to 4.39 B, up from EUR 4.33 B.

Debt-to-GDP ratio was 28.8% at end-May, little changed from 28.7% a month earlier. Domestic debt-to-GDP ratio was 10.3% and foreign debt-to-GDP ratio was 18.5% at the end of May.

Over 78% of Bulgaria’s government debt was denominated in euro, while lev-denominated debt was just below 21% of total debt at the end of May.