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.
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