Text size

Public counter downtown Sofia tracks Bulgaria's growing state debt

published on 5/23/22 12:24 PM

Photo: BNR

A counter placed downtown Sofia monitors the country's public debt. The plate also counts the money that each family owes on average from the total amount. Values are in Bulgarian levs. The counter is at the crossroads between Tsar Osvoboditel Blvd. and Rakovski St., above the office of the economist and former Deputy Prime Minister Nikolay Vassilev.

The countdown started from BGN 31.09 billion of the country's debt (EUR 15.9 billion). The average amount per Bulgarian family is over BGN 15,500 (EUR 7,900).

Public or sovereign debt is all financial obligations of the state, both of the government and local authorities, which are covered by issued government bonds or international loans.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News government public debt state debt

More from category

Another cool front and summer storms from the northwest

Wednesday will be sunny until noon, when clouds will move in from the northwest, bringing short, intense showers and thunderstorms. The risk of hail remains high. Lows will be between 17 and 22°C, 17°C in Sofia. Highs will be in the 30-35°C range, 30°C..

published on 7/23/24 7:05 PM

The first girls' bagpipe group in Bulgaria was created in Aksakovo

In the town of Aksakovo, in the region of Varna, Bulgaria's first all-female bagpipe group was created. This was announced by Nikola Georgiev, head of the "Trakia" bagpipe school. The girls debuted with a video clip on the Internet with a..

published on 7/23/24 6:02 PM

Bulgarian scientists will explore nearby space from Antarctica

For the first time, the Bulgarian Antarctic base on Livingston Island will study in detail the pulsations in the Earth's ionosphere caused by solar storms and the activity of the solar corona. This is envisaged in the first Bulgarian polar..

published on 7/23/24 5:51 PM