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

Angel Kunchev: We are at the beginning of a nationwide epidemic of pertussis

Nearly 400 cases of pertussis (whooping cough) have been registered in the country. We are at the beginning of a nationwide epidemic, Chief State Health Inspector Angel Kunchev said for Nova TV. 70 new cases have been registered on Monday and Tuesday..

published on 4/25/24 9:24 AM

PP-DB demands the resignation of National Assembly Speaker Rosen Zhelyazkov

We Continue the Change - Democratic Bulgaria (PP-DB) submitted a request to Parliament for the resignation of National Assembly Speaker Rosen Zhelyazkov. The document was also signed by MPs from the parliamentary group of BSP for Bulgaria. ‘’We..

published on 4/25/24 8:28 AM

Debate to seek the balance between green energy and support for agriculture

Debate on "Green energy, nature, agriculture - how to reconcile them sustainably?" will be held today in the National Assembly as the organizer is Green Laws Initiative. According to the organizers, the initiative to build renewable..

published on 4/25/24 8:15 AM