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.
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
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