March 30 (SeeNews) - Bulgaria's gross external debt rose by 9.6% on the year to roughly 45.1 billion euro ($49 billion) as of end-January, after increasing by an annual 5.8% in December, the central bank said on Thursday.
Gross external debt at the end of the first month of 2023 was equivalent to 49.9% of the gross domestic product (GDP) planned for the current year, the Bulgarian National Bank (BNB) said in a monthly report.
In January 2022, Bulgaria's foreign debt was equivalent to 48.6% of last year's GDP.
Amounting to 10.1 billion euro at end-January, the general government gross foreign debt was 23% higher than at the end of the same month a year ago and represented a share of 11.2% of the estimated GDP.
Below are details of Bulgaria's gross foreign debt as of end-January:
|
mln euro |
pct of GDP |
pct change y/y |
General government |
10,108.1 |
11.2 |
23.0 |
Central bank |
2,023.8 |
2.2 |
5.0 |
Commercial banks |
6,060.8 |
6.7 |
24.0 |
Other sectors |
12,627.8 |
14.0 |
1.7 |
Direct investment: intercompany lending |
14,262.9 |
15.8 |
4.3 |
Total |
45,083.3 |
49.9 |
9.6 |
Source: BNB
($ = 0.9201 euro)