30.06.2017

The central government debt{1} as at end-May 2017 stood at EUR 13,459.1 million. Domestic debt amounted to EUR 3,263.6 million and external debt - to EUR 10,195.5 million.

At the end of the reporting period the central government debt/gross domestic product (GDP){2} ratio was 27.1%, with the share of domestic debt being 6.6% and of external debt - 20.5%. In the central government debt structure, domestic debt at the end of the period amounted to 24.2%, and external debt - to 75.8%.

The weighted average interest rate on debt for the period January - May 2017 is 2.80%, decreasing by 12 basis points as compared to the same period of 2016 (2.92%).   

In May 2017, the central government guaranteed debt increased to EUR 304.5 million as compared to end-April 2017. Domestic guarantees amounted to EUR 35.4 million, with the central government guaranteed debt/GDP ratio being 0.6%.

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 2017 the government debt reached EUR 12,889.0 million, being 25.9% of GDP. Domestic debt amounted to EUR 3,218.5 million and external debt - to EUR 9,670.5 million. 

 Government guaranteed debt in May 2017 amounted to EUR 930.1 million. Domestic guarantees amounted to EUR 35.4 million, the government guaranteed debt/ GDP ratio being 1.9%.

The Bulletin can be found 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/, 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 13 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 May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community. You can find a 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 ^HERE

{2} Forecast GDP data as per the spring macroeconomic forecast of the Ministry of Finance for 2017.