1.1 Ministry of Finance in accordance with Article 36, paragraph 2 of the Public Finance Law publishes data on the guaranteed debt of "General Government" sector.

1.2 The data for the guaranteed debt of "General Government" sector and sub-sectors shall be prepared in accordance with the competence of the National Statistical Institute (NSI) and the Ministry of Finance in accordance with the arrangements set out in the Memorandum of Cooperation among NSI, Bulgarian National Bank and the Ministry of Finance in the development, production and distribution of state financial statistics and national financial accounts. Providing Eurostat (EC) is carried out by NSI and published on the Eurostat website.

2. Definitions of Guaranteed  debt of „General Government"  sector  by sub-sectors:

2.1 Guaranteed debt of "General Government" sector is the sum of the issued by sub-sectors "Central Government" and "Local Government" state and municipal guarantees.

2.2 Sub-sector "Central Government" means sub-sector "Central Government" according to the ESA 2010.

2.3 Sub-sector "Local Government" means sub-sector "Local Government" according to the ESA 2010.

2.4  On separate rows are provided data on the amount of guarantees issued by the sector "General Government" in subsectors of public corporations and institutions, financial institutions and standardized guarantees.

• One - off guarantees -the issuer guarantees a certain financial liabilities undertaken by the debtor in form of a certain financial instrument (loan, security, etc.)
• Standardized guarantees - guarantees issued in large numbers along identical lines for relatively small amounts.

3. Sources of information:

3.1 The main source of data is the official register of government and government guaranteed debt maintained in the Ministry of Finance according to the Article 38, paragraph 1 of the Government Debt law;

3.2 Central Register of Municipal Debt, administered on the basis of Article 1, paragraph 2 of the Municipal Debt law in the Ministry of Finance.

4. Basic methodological principles:

Guaranteed debt" of „General Government"  sector includes all contingent financial commitments on behalf of and at the expense of the "General Government" sector. The guaranteed debt of "General Government" sector is presented in nominal value total and by category of financial instruments and is payable at the end of each year.

Financial assets and liabilities are measured at their nominal value, which according to (EC) Regulation № 479/2009 is their face value.

5. Classification and scope of financial instruments:

Classification of financial instruments is in accordance with the European System of Accounts (ESA 2010) and Manual on Government Deficit and Debt (MGDD) of "General Government" sector as financial liabilities of the "General Government" sector consists of the following categories:

Securities: includes short-and long-term securities other than shares, excluding financial derivatives, in local and foreign currency issued by the sub-sectors of "General Government" sector;

Loans: includes short-and long-term loans in local and foreign currency.

6. Revision policy:

6.1 Revisions shall be carried once per year in October as follows, following up availability of new data and occurrence of new circumstance during the process in Notification tables in regard to The Excessive Deficit Procedure.

6.2 Revisions can be made in relation to a change in methodology of Eurostat and / or methodological recommendations provided by Eurostat.

6.3 Information for the revisions is reflected in notes to the tables of guaranteed debt.