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Bulgaria's gross foreign debt up 7.8% y/y at end-July - c-bank

Bulgaria's gross foreign debt up 7.8% y/y at end-July - c-bank Photo by Dennis Jarvis.

SOFIA (Bulgaria), September 28 (SeeNews) - Bulgaria's gross foreign debt totalled 40.5 billion euro ($46.5 billion) at the end of July, up 7.8% year-on-year, the central bank said on Tuesday.

The gross foreign debt at the end of July was equivalent to 61.7% of the forecast gross domestic product (GDP) in 2021, the Bulgarian National Bank said in a statement.

Details of Bulgaria's gross foreign debt as at end-July follow:

mln euro pct of GDP pct change y/y
Government 8,353.9 12.7 35.0
Central bank 837.7 1.3 1.3
Commercial banks 4,390.2 6.7 4.7
Other sectors 12,769.2 19.4 5.5
Direct investment: intercompany lending 14,176.6 21.6 -0.6
Total 40,527.7 61.7 7.8

source: BNB

($ = 0.8564 euro)

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