July 28 (SeeNews) - Bulgaria's gross foreign debt decreased to 34.21 billion euro ($40.06 billion) at the end of May, down by 1.7% year-on-year, the central bank said on Friday.
Gross foreign debt at the end of May was equivalent to 69.2% of the projected 2017 gross domestic product, the Bulgarian National Bank (BNB) said in a statement.
Bulgaria's gross foreign debt was equivalent to 73.5% of GDP at the end of May 2016.
Month-on-month, Bulgaria's external debt decreased by 0.3% in May.
Long-term liabilities fell by 4.5% on the year to 26.0 billion euro at the end of May, representing 76.1% of total foreign debt. Short-term liabilities rose by an annual 8.5% to 8.2 billion euro, representing 23.9% of total debt.
Details follow (in millions of euro):
|
end-May |
pct of GDP |
pct change y/y |
pct change m/m |
Government |
6,435.0 |
13.0 |
-3.2 |
-1.1 |
Central bank |
0 |
0 |
0 |
0 |
Commercial banks |
4,446.1 |
9.0 |
19.5 |
1.3 |
Other sectors |
11,215.5 |
22.7 |
-3.7 |
-0.3 |
Direct investment: intercompany lending |
12,110.0 |
24.5 |
-5.3 |
-0.5 |
TOTAL |
34,206.5 |
69.2 |
-1.7 |
-0.3 |
Source:BNB
($ = 0.8539 euro)