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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.

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Radio Bulgaria Economy 2023 BNB business climat external debt NSI

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

This is 11.6 per cent of GDP, the BNB said

More from category

IMF assesses Bulgaria's near-term growth outlook as positive

Bulgaria's first state budget in euros – between two readings in the National Assembly and a wave of dissatisfaction

KBC Group raises its forecast for Bulgaria's economic growth in 2026

Bulgaria's first state budget in euros – between two readings in the National Assembly and a wave of dissatisfaction

IMF assesses Bulgaria's near-term growth outlook as positive