01.10.2014

As of the end of 2013, the nominal value of the government debt stood at BGN 14,118.5 million, of which BGN 7,828.9 million external and BGN 6,289.6 million domestic debt. In nominal terms the government debt marked a growth of BGN 444.9 million compared to the level recorded at the end of 2012, show the data of the 2013 Annual Government Debt Review prepared by the Ministry of Finance and published in section Government Debt/Statistics.  The ratio of government debt to GDP at the end of 2013 was 18.1%, which showed an increase by 0.6 p.p. compared to December 2012 (17.5%).

The payments made on the maturing during the year Euro Bond and the issue of Government Securities on the domestic market are among the main reasons leading to a change in the currency structure of the debt:

• 55.4% - in Euro;
• 31.7% - in BGN;
• 11.7% - in US Dollars;
• 1.2% - in other currencies.

The interest structure of government debt showed a continuing increase of the liabilities with fixed interest rate coupons. Their share in total debt as at 31.12.2013 was 87.0%. The portion of liabilities with floating interest rates at the end of the year was 13.0%.

As at the end of 2013 the government guaranteed debt was in the amount of BGN 775.4 million, of which BGN 739.7 million external and BGN 35.7 million domestic government guaranteed debt. The reported decrease by BGN 234.2 million compared to its level as of December 2012 is due both to redemption payments of external government guaranteed loans and to the foreign currency exchange rate difference reported at the year-end. The ratio of government guaranteed debt to GDP is 1.0%.