Bulgaria’s Govt Debt at 26.4% of GDP at End-2015

Finance | January 29, 2016, Friday // 20:43|  views

Bulgaria’s government debt totalled EUR 11.61 B at the end of 2015, increasing from EUR 11.30 B a the end of the previous year, Finance Ministry data showed on Friday.

Debt-to-GDP ratio was 26.4% as of 31 December 2015, unchanged from the end of 2014. Domestic debt-to-GDP ratio decreased to 8.5%, compared with 9.9% at the end of 2014, while foreign debt-to-GDP ratio increased to 17.9% from 16.5%.

Revised 2014 GDP data (BGN 83.61 B) and 2015 GDP forecast (BGN 85.97 B) were used in the calculations, the Finance Ministry said in a monthly government debt bulletin.

Domestic debt was 32.1% of total government debt, and foreign debt was 67.9% at the end of last year.

Euro-denominated debt was 75.9% of total debt, 23.0% was in BGN, 0.6% in USD and 0.4% in other currencies.

Government debt payments in December amounted to BGN 872.5 million.

In the structure of the debt by instrument, Eurobonds issued in international capital markets continued to comprise the largest share (48.2%), followed by domestic government securities (32.1%) and loans (19.8%).


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Tags: Bulgaria, government, debt, GDP, domestic, foreign


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