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

Bulgarians spend nearly 30% of their budgets on food

Bulgarians are consuming less bread, cheese and vegetables, but more fruit, according to the latest data from the National Statistical Institute on household consumption in the third quarter of 2025, compared to the same period last year...

published on 11/17/25 11:52 AM

The Bulgarian National Bank has published clarifications on how the single currency will be written

In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..

published on 11/14/25 10:01 AM

Bulgaria's government approves 2026 draft budget

The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..

published on 11/13/25 3:35 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 1 | Max: 12

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

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

The draft state budget was adopted in first reading by the National Assembly on November 21. However, the planned changes in the financial framework for..

published on 11/24/25 2:25 PM

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

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s..

published on 11/25/25 10:18 AM

Share