Gross external debt at the end of the first four months of 2024 represented 42.6% of the gross domestic product (GDP) forecast for the current year, the Bulgarian National Bank (BNB) said in a monthly report.
In April 2023, Bulgaria's foreign debt was equivalent to 46.9% of last year's GDP.
At some 10.43 billion euro in the review period, the general government gross foreign debt grew by 9.2% compared to the end of April 2023 and was equal to 10.3% of the projected 2024 GDP.
Below are details of Bulgaria's gross foreign debt as of end-April:
mln euro | pct of GDP | pct change y/y | |
General government | 10,430.4 | 10.3 | 9.2 |
Central bank | 1,987.8 | 2.0 | -0.1 |
Commercial banks | 6,113.0 | 6.0 | -5.4 |
Other sectors | 11,863.4 | 11.7 | 0.1 |
Direct investment: intercompany lending | 12,745.8 | 12.6 | -10.0 |
Total | 43,140.4 | 42.6 | -2.0 |
Source: BNB
($ = 0.9349 euro)