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

The Institute for Market Economics calls for budget deficit below 3%

We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR.  In presenting the institute's alternative state budget, the..

published on 11/4/24 11:27 AM

The five largest Indian IT companies already have offices in Bulgaria

Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..

published on 10/31/24 5:48 PM

A Bulgarian-Czech Chamber of Commerce established in Sofia

On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..

published on 10/31/24 1:54 PM