March 30 (SeeNews) - Bulgaria's gross external debt rose by 9.6% on the year to roughly 45.1 billion euro ($49 billion) as of end-January, after increasing by an annual 5.8% in December, the central bank said on Thursday.
Gross external debt at the end of the first month of 2023 was equivalent to 49.9% of the gross domestic product (GDP) planned for the current year, the Bulgarian National Bank (BNB) said in a monthly report.
In January 2022, Bulgaria's foreign debt was equivalent to 48.6% of last year's GDP.
Amounting to 10.1 billion euro at end-January, the general government gross foreign debt was 23% higher than at the end of the same month a year ago and represented a share of 11.2% of the estimated GDP.
Below are details of Bulgaria's gross foreign debt as of end-January:
||pct of GDP
||pct change y/y
|Direct investment: intercompany lending
($ = 0.9201 euro)