31.07.2019

Central government debt[1] stands at EUR 11,691.4 million as at end-June 2019. Domestic debt amounts to EUR 2,661.5 million and external debt – to EUR 9,029.9 million. Compared to the previous month, the debt has increased by EUR 126.2 million due to the government securities issued on the domestic market.

At the end of the reporting period the central government debt-to-gross domestic product (GDP) ratio[2] is 19.8%, with the share of domestic debt being 4.5% and of external debt – 15.3% of GDP. In the central government debt structure, at the end of the period domestic debt amounts to 22.8%, and external debt – to 77.2%.

As of 30 June 2019, central government guaranteed debt amounts to EUR 76.5 million. Domestic guarantees amount to EUR 34.0 million and external guarantees – to EUR 42.4 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(1) of the Government Debt Law, at end-June 2019 the government debt reaches EUR 10,889.1 million, or 18.4% of GDP. Domestic debt amounts to EUR 2,459.5 million and external debt – to EUR 8,429.6 million.

Government guaranteed debt amounts to EUR 914.5 million in June 2019. Domestic guarantees amount to EUR 34.0 million, with the government guaranteed debt-to-GDP ratio being 1.5%.

The Bulletin can be found in the Statistics Section/Central Government Debt and Guarantees Monthly Bulletin.

Note: In accordance with Article 36(3) of the Public Finance Law /in force as from 01.01.2014 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 government and government guaranteed debt/assumed 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 12 of the new edition.

[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. You can find a list of the units included in the Central Government sub-sector in addition to government bodies and institutions as per the European System of National and Regional Accounts in the Community (ESA 2010) and the Eurostat Manual on Government Debt and Deficit ^HERE

[2]Forecast ^{GDP data as per the updated spring forecast of the Ministry of Finance for} 2019