March 28 (SeeNews) - Bulgaria's gross foreign debt totalled 34.45 billion euro ($36.5 billion) at the end of January, up by 2.6% year-on-year, the central bank said on Tuesday.
The gross foreign debt at the end of January was equivalent to 70.7% of Bulgaria's 2017 gross domestic product (GDP) forecast, the Bulgarian National Bank (BNB) said in a statement. A year earlier, gross foreign debt was equivalent to 70.9% of GDP.
Month-on-month, Bulgaria's external debt decreased by 0.6% in January.
Long-term liabilities rose by 3.5% year-on-year to 26.6 billion euro at the end of January, representing 77.3% of total foreign debt. Short-term liabilities decreased by an annual 0.5% to 7.8 billion euro, representing 22.7% of total debt.
Details follow (in millions of euro):
|
end-Jan |
pct of GDP |
y/y pct change |
m/m pct change |
Government |
6,738.9 |
13.8 |
22.9 |
-0.6 |
Central bank |
0 |
0 |
- |
- |
Commercial banks |
3,897.2 |
8.0 |
-4.2 |
-6.4 |
Other sectors |
11,282.0 |
23.2 |
-1.3 |
0.7 |
Direct investment: intercompany lending |
12,529.4 |
25.7 |
-0.6 |
0.3 |
TOTAL |
34,447.5 |
70.7 |
2.6 |
-0.6 |
Source: BNB
($ = 0.9209 euro)