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Bulgaria issues new debt over acquisition of F-16 fighter jets

Vladislav Goranov
Photo: BGNES

The government has approved a second update of the 2019 budget, due to the financing of the F-16 fighter jet deal.

A new debt, expected to amount to 100 million euro, will be issued by the end of this month. This sum will push the planned deficit up from the current 0.5 to 2 percent, the Ministry of Finance says.

Finance Minister Vladislav Goranov stated that the loan should not be regarded as significant fiscal loosening . A 150 million euro internal debt was already issued at the end of June. 

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