Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Government debt goes up by 22.5% in the space of one year of pandemic

Photo: archive

The government debt of the country has gone up by 22.5% or 2.72 billion euro in the space of one year.

The debt of the Central Government subsector by the end of February 2021 amounted to 14.8 billion euro, and now accounts for 23.2% of the country’s GDP compared to 18.6% last year, the Ministry of Finance has announced. 

The increase in the government debt is due to the issue of bonds worth 2.5 billion euro on the international markets in September last year. At the end of February, 2021 the external government debt amounted to 11.76 billion euro, and internet debt – 3 billion euro.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Businesses expect the authorities to streamline the process of importing of foreign workers

The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..

updated on 6/14/24 12:03 PM

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM
Dimitar Glavchev (L) and Jeyhun Bayramov (R)

Bulgaria is interested in joining as a co-shareholder in a green energy corridor from Azerbaijan to Europe

Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..

published on 6/11/24 5:26 PM