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

Sunshine and brief showers with thunder

Overnight there will be considerable cloud over the eastern half of the country, with rain and thunder in some places. The western parts will remain sunny. Light to moderate winds will blow from the north-northeast. On Wednesday, atmospheric..

published on 8/27/24 7:05 PM

I-II century nymphaeum studied by archaeologists at Aquae Calidae near Burgas

Bulgarian archaeologists are continuing to study the ancient nymphaeum (sanctuary of the nymphs) discovered at the Aquae Calidae complex near Burgas. The nymphaeum occupies a central place in the former Roman baths and was part of a fountain with an..

published on 8/27/24 6:30 PM

Bulgaria has two days to nominate its commissioner

In a letter to the leaders of parliamentary groups in the 50th National Assembly, caretaker Prime Minister Dimitar Glavchev urged them to submit two nominations for a Bulgarian commissioner in the next European Commission by August 29. Glavchev..

updated on 8/27/24 5:23 PM