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

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..

published on 4/22/25 12:16 PM

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..

published on 4/22/25 11:21 AM

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM