Text size

Government debt for 2023 was €2bn higher than in 2022

This is 11.6 per cent of GDP, the BNB said

published on 2/28/24 1:10 PM

Aerial view of the BNB building.

Photo: BGNES

Bulgaria's public external debt at the end of 2023 was €10.888 billion, an increase of 22.7 per cent, or more than €2 billion, compared with the end of 2022. This is 11.6 per cent of GDP, the Bulgarian National Bank said. In December 2023, Bulgaria's gross external debt (private and public) will be more than 45 billion euro, or 47.9 per cent of GDP. This is an increase of 820 million euro, or 1.9 per cent, compared to the previous year.

In February 2024, the economic situation in the country remains close to the level of the previous month. According to the latest survey by the National Statistical Institute, the business climate improved in industry, remained unchanged in construction and retail trade and declined slightly in services. The overall business climate indicator stood at 22.6% in February, compared with 22.8% at the beginning of the year.

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

Radio Bulgaria Economy 2023 BNB business climat external debt NSI

More from category

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM