November 29 (SeeNews) - Bulgaria's gross external debt went up by 6.9% on the year to 43.95 billion euro ($43.73 billion) at the end of September compared to an annual rise of 1.5% in August, the central bank said.
Gross external debt at the end of September was equivalent to 55.6% of the gross domestic product (GDP) forecast for the current year, the Bulgarian National Bank (BNB) said in a monthly report on Friday.
In September 2021, the foreign debt was equivalent to 57.9% of last year's estimated GDP.
Long-term liabilities totalled 35.4 billion euro as at end-September, or 80.6% of the overall debt.
At some 8.4 billion euro, the general government gross foreign debt was equivalent to 10.6% of the planned GDP, edging up by 1% compared to the end of September 2021.
In a ratings review last week, S&P Global Ratings projected that Bulgaria's net debt-to-GDP ratio would rise to 18.2% in 2023 from 16.1% this year, and will further increase to 19.0% in 2024.
Here are the details of Bulgaria's gross foreign debt as of end-September:
|
mln euro |
pct of GDP |
pct change y/y |
General government |
8,375.1 |
10.6 |
1.0 |
Central bank |
2,111.9 |
2.7 |
12.1 |
Commercial banks |
5,942.9 |
7.5 |
35.3 |
Other sectors |
13,055.5 |
16.5 |
5.9 |
Direct investment: intercompany lending |
14,465.0 |
18.3 |
1.7 |
Total |
43,950.3 |
55.6 |
6.9 |
source: BNB
($ = 1.00493 euro)