Bulgaria Reports Government Debt of EUR 11.6 B for End-January

Bulgaria’s government debt totalled EUR 11.60 B in nominal terms at the end of January, the Finance Ministry announced on Monday.

This compared with total government debt of EUR 10.63 B at the end of January 2015 and EUR 11.61 B at the end of December 2015, Finance Ministry data showed.

As of end-January 2016, domestic government debt debt totaled EUR 3.71 B and foreign debt amounted to EUR 7.89 B.

Government debt-to-GDP ratio was 25.7% at the end of January 2016, compared with 25.2% a year earlier and 26.4% at end-December 2015.

Revised 2015 GDP data of BGN 85.70 B (EUR 43.82 B) and 2016 GDP projection of BGN 88.28 B (EUR 45.14 B) had been used in the calculations, the Finance Ministry said in a monthly debt report.

Seventy-six percent of total government debt was denominated in euro, 23.1% in Bulgarian levs and 0.3% in other currencies at the end of January 2016.

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