Bulgaria’s Debt Grows by EUR 2.1238 in 2016

      Published on Thursday, 23 February , 2017      139 Views     

  • Bulgaria Finance

Bulgaria’s debt increased by EUR 2.1238 B to EUR 13.7619 B in 2016, reported the Finance Ministry.

Compared to November 2016, state debt increased by EUR 557.8 M. Internal debt in December 2016 amounted to EUR 3,4895 B; external debt was EUR 10.2724 B.

In 2016, internal debt shrank by EUR 189.9 M, while external debt increased by EUR 2.3137 B.

The Finance Ministry specified that the main reason for the increase in external debt in 2016 is the successful emission of new Euro bonds in March 2016 for EUR 1.994 B.

At the end of the reporting period (December 31, 2016), the share of sub-sector Central Government of GDP increased to 29.4%, compared to 25.7% at the end of 2015, while the share of internal debt was 7.4% and that of external debt – 22.0%.

The Finance Ministry noted that the currency composition of the debt at the end of December was as follows: 79.9% in EUR, 19.4% in BGN, 0.2% in USD and 0.5% in other currencies.


Category Bulgaria Finance | 2017/02/23 latest update at 10:00 PM
Source : | Photocredit :
Comments Add comment

БГ Медия - Медия за Българите в Лондон
Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.

Sponsored Publications