Government debt up by almost €29 mln

The government debt amounted to almost €6.98 bn at the end of September, showed figures of the Finance Ministry. This means that its share was 17.5% of the projected gross domestic product (GDP) for the year. The foreign debt exceeded €4.52 bn (11.3% of GDP) and internal debt was more than €2.45 bn (6.2% of GDP). In nominal terms, the debt increased by approximately €28.8 mln, compared to the end of August. This was mainly due to the rise in the internal debt as a result of the new internal financing with government securities during the month. Last month, the nominal amount of the foreign debt was slightly higher – over €4.55 bn.

External financing from the beginning of the year till the end of September amounted to BGN 19.2 bn. Within this period, debt payments (principal and interest) amounted to BGN 510.2 mln. The external debt with fixed interest rate is almost 80% and the remaining debt is with floating interest rates.

Bulgaria’s external debt is distributed as follows: global bonds - 36.6%, government investment loans - 21.5%, Bulgarian Euro bonds issued on international capital markets - 21% and loans from the World Bank - 15.1%.

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