Bulgarias public debt rises 0.3% m/m to EUR 5.52bn at end-Oct 2011.

By bne IntelliNews December 8, 2011
Bulgarias general government debt, excluding state guarantees, increased by 0.3% on the month and by 5.9% on the year to EUR 5.52bn at the end of October, the finance ministry said. The total public debt accounted for 14.3% of the full-year GDP forecast, the ministry said in a statement. The debt increased due to government bonds sold mainly on the domestic market. As a result, domestic government debt added 2.8% in monthly terms to EUR 2.22bn at end-October. Its share in the total debt was 40.2%, up from 39.2% at end-September and 37.4% at end-October 2010. External government debt went down by 1.3% m/m to EUR 3.3bn in October. An additional 1.5% of GDP is booked as state guarantees, slightly down as compared to a month earlier due mainly to exchange rate fluctuations. The 2012 budget draft projects the government debt will reach 18.7% of GDP at the end of 2012. The ministry intends to borrow a gross amount of BGN 1.2bn from the domestic market and plans a net external financing EUR 1.2bn. Similar to this years budget bill, the 2012 draft includes an option for EUR 1bn bond placement on the international market.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    8 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  5. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    23 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    28 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    21 days ago

Reports

Dismiss