Bulgarias public debt up 16.2% y/y to EUR 6.11bn at end-Mar 2012.

By bne IntelliNews May 10, 2012
Bulgarias general government debt, excluding state guarantees, increased by 2.3% (EUR 139mn) m/m and 16.2% y/y to EUR 6.11bn at the end of March 2012, finance ministry data showed. The growth accelerated from 1.35% m/m and 14.1% y/y registered in February. Total public debt accounted for 15.2% of the full-year GDP projection, up from 13.4% a year earlier. Domestic government debt rose to EUR 2.62bn from EUR 2.52bn at end-February and accounted for 43% of total debt, up from 42% a month earlier. It increased by 34.9% on the year as of end-March. External government debt rose to EUR 3.49bn in March from EUR 3.46bn in Feb. An additional 1.4% of GDP is booked as state guarantees. As per 2012 budget projections the government debt will reach 18.7% of GDP at the end of 2012.
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. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  4. Russia’s war economy boosted by rising oil prices
    8 days ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss