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Bulgaria's foreign debt down 0.3% y/y in Sept

Nov 29, 2023, 12:45:07 PMArticle by Antonia Kokalova-Gray
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November 29 (SeeNews) - Bulgaria's gross external debt inched down by 0.3% on the year to some 43.95 billion euro ($48.2 billion) at the end of September, following an annual increase of 3.3% in August, the central bank said on Wednesday.

Bulgaria's foreign debt down 0.3% y/y in Sept
Ju1978/Shutterstock.com

Gross external debt at the end of the first nine months of 2023 was equivalent to 46% of the gross domestic product (GDP) planned for the current year, the Bulgarian National Bank (BNB) said in a monthly report.

In comparison, Bulgaria's foreign debt equalled 51.4% of last year's GDP in September 2022.

At some 9.085 billion euro in the review period, the general government gross foreign debt widened by 8.1% compared to end-Septrmber last year and was equal to 9.5% of the projected 2023 GDP.

Below are details of Bulgaria's gross foreign debt as of end-September:

mln euro pct of GDP pct change y/y
General government 9,085.4 9.5 8.1
Central bank 2,098.7 2.2 -0.6
Commercial banks 6,762.7 7.1 10.1
Other sectors 11,689.0 12.2 -9.9
Direct investment: intercompany lending 14,312.1 15.0 -1.0
Total 43,948.0 46.0 -0.3

Source: BNB

($ = 0.9113 euro)

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