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Bulgaria's gross foreign debt up 7.5% y/y in Feb - c-bank

Bulgaria's gross foreign debt up 7.5% y/y in Feb - c-bank Photo by Dennis Jarvis.

Bulgaria's gross foreign debt amounted to 41.9 billion euro ($44.1 billion) at the end of February, registering an increase of 7.5% on the year, the country's central bank said on Friday.

Gross foreign debt at the end of the second month of 2022 was equivalent to 55.8% of the gross domestic product (GDP) planned for the current year, the Bulgarian National Bank said in a monthly report.

Here are details of Bulgaria's gross foreign debt as at the end of February:

mln euro pct of GDP pct change y/y
Government 8,006.9 10.7 0.8
Central bank 1,924.6 2.6 133.1
Commercial banks 5,254.1 7 25.3
Other sectors 12,758.7 17.0 5.5
Direct investment: intercompany lending 13,965.1 18.6 0.3
Total 41,909.5 55.8 7.5

source: BNB

($ = 0.9494 euro)

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