January 21 (SeeNews) - Bulgaria plans this year to seek on foreign and domestic markets up to 7.3 billion levs ($4.23 billion/3.73 billion euro) in debt, part of which will go to refinance a bond issue, finance minister Assen Vasilev said on Friday.
The draft budget for 2022 envisages raising 4.3 billion levs of new debt, and 3 billion levs to refinance existing debt, Vassilev said, as seen in a video file published on the website of business news daily Dnevnik.bg.
The debt level will remain low, at 26.7% of the planned gross domestic product (GDP), he added.
The 2022 draft budget also projects a deficit equivalent to 4.1% of GDP with COVID-related expenditure included, and a gap of 2.5% of GDP without those expenses.
(1 euro = 1.95583 levs)