Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's debt is 20.4% of the country's GDP

The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this step. 

According to experts, the agreed deadline is April 28, when Sofia must send its results to the European Central Bank. 
According to data from the National Statistical Institute in 2019, Bulgaria's debt for 2019 amounts to EUR 12.375 billion. This is 20.4% of the country's GDP. 
The state governance sector accounted for a budget surplus of EUR 1.268 billion, or 2.1% of GDP.



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

Bulgarian-African Chamber of Commerce to develop relations with the Bulgarian Chamber of Commerce and Industry

Representatives of the Bulgarian-African Chamber of Commerce visited the Bulgarian Chamber of Commerce and Industry and met with its President Tsvetan Simeonov. Albena Jones, Dimitar Turlakov, and Anton Samsonov are among the founders of..

published on 2/19/25 9:08 AM
Photo: Jérémie Bergeron/Radio-Canada

Ministry of Foreign Affairs cautions Bulgarians on severe weather in Canada

The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current weather conditions, and regularly check the status of their flights. The Canadian Meteorological..

published on 2/19/25 8:55 AM

Ministry of Finance releases 2025 draft budget

The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP.  Expenditures will not exceed 40% of..

published on 2/19/25 8:42 AM