Bulgaria's foreign debt growth quickens in Sept - c-bank

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:

source: BNB

($ = 1.00493 euro)