30.06.2020

The central government debt^[1] as at end-May 2020 stood at BGN 24,612.8 million. Domestic debt amounted to BGN 6,242.4 million and external debt – to BGN 18,370.4 million.

At the end of the reporting period the central government debt/gross domestic product (GDP)^[2] ratio was 21.0 %, with the share of domestic debt being 5.3 % and of external debt – 15.7 %. In the central government debt structure, domestic debt at the end of the period amounted to 25.4 %, and external debt – to 74.6 %.

As of 31 May 2020, the central government guaranteed debt was BGN 113.1 million. Domestic guarantees amounted to BGN 63.7 million and external guarantees – to BGN 49.4 million. The central government guaranteed debt/GDP ratio is 0.1 %.

According to the official register of government and government guaranteed debt, kept by the Ministry of Finance on the grounds of Article 38, paragraph 1 of the Government Debt Law, at end-May 2020 the government debt reached BGN 23,185.7 million, being 19.8 % of GDP. Domestic debt amounted to BGN 5,956.8 million and external debt – to BGN 17,229.0 million. 

Government guaranteed debt in May 2020 amounted to EUR 1,692.3 million; domestic guarantees amounted to BGN 63.7 million, with the government guaranteed debt/ GDP ratio being 1.4 %.

The Bulletin is published in the Statistics Section/Central Government Debt and Guarantees Monthly Bulletin.

Note: In accordance with Article 36, para.3 of the Public Finance Law /in force from 01.01.2014
prom. SG, issue No 15 of 15.02.2013, amended SG, issue No 95 of 8.12.2015, amended and supplemented SG, issue No 43 of 7.06.2016, SG, issue No 91 of 14.11.2017/ starting from June 2016, the Ministry of Finance publishes a Central Government Debt and Guarantees monthly bulletin. Information about the amount, structure and dynamics of the government and government guaranteed debt (undertaken under the procedure of the Government Debt Law), as published in the Government Debt bulletin until May 2016, is included in the attachment on page 11 of the new bulletin. 

^[1]Central government debt is the debt of the central government pursuant to Council Regulation (EC) No 479/2009 of 25/05/2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community. List of the entities which, in addition to public authorities and institutions, are included in the central government as per the European system of national and regional accounts in the Community (ЕСС 2010) as well as the Manual on government deficit and debt of Eurostat (the Commission) can be found HERE.

^[2]Forecast data of the Ministry of Finance.