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© Bulgarian National Bank |
As of end-August 2008 gross external debt was EUR 33,611.1 million (98.8% of GDP) and increased by EUR 4,756.9 million (16.5%) against the end of 2007 (EUR 28,854.3 million, 99.8% of GDP). This was mainly due to the increase of Banks’ liabilities (EUR 2,760.3 million, 47.8%). By end-August 2008 long-term liabilities amounted to EUR 20,743.6 million (61.7% of total debt), and short-term liabilities came to EUR 12,867.5 million (38.3% of total debt).
General Government’s external debt amounted to EUR 2,729.8 million (8% of GDP) as of end-August 2008, decreasing by EUR 369.1 million (11.9%) against the end of December 2007. The decrease was mainly due to credit payments made to the World Bank ahead of schedule in March 2008.
External Debt (chart)
Banks’ external debt amounted to EUR 8,531 million (25.1% of GDP) increasing by EUR 2760.3 million (47.8%) against the end of 2007. The sector’s liabilities increase was mainly due to an increase (by EUR 1913.4 million) of deposits of non-residents in local banks. Other Sectors’ debt was EUR 11,576.6 million, increasing by EUR 1,737.2 million (17.7%) relative to the end of 2007. As of end-August 2008 the stock of Direct Investment liabilities was EUR 10,773.7 million, increasing by EUR 628.5 million (6.2%) against the end of 2007.
In January – August 2008, gross external debt service was EUR 4,589.2 million (13.5% of GDP) against EUR 4,304.2 million (14.9% of GDP) for the same period in 2007.
In January – August 2008, loans and deposits received from non-residents came to EUR 8,562 million (25.2% of GDP) compared to EUR 7,891.6 million (27.3% of GDP) for the same period in 2007.
As of end-August 2008, net external debt was EUR 14,372.1 million (42.2% of GDP) and increased by EUR 2,544.7 million (21.5%) against the end of 2007 (EUR 11,827.4 million, 40.9% of GDP).
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Attachments: Tables: Gross External Debt, in EUR (by institutional sectors); Gross External Debt Service (by institutional sectors) in EUR; Disbursements (by institutional sectors) in EUR
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A complete set of Bulgaria's gross external debt tables, the press release, as well as the methodological notes are available on the BNB website in block “Statistics” under the header External Sector/ Gross External Debt.
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To view the original document and the attachments, please click on the links below:
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Aug_2008.pdf
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Aug_2008.xls
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Service_Aug_2008.xls
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Disbursements_Aug_2008.xls
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Gross External Debt Aug 2008.pdf, 111 Kb
