30.09.2019

Central government debt[1] stands at EUR 11,971.3 million as at end-August 2019. Domestic debt amounts to EUR 2,944.1 million and external debt – to EUR 9,027.2 million.

At the end of the reporting period the central government debt-to-gross domestic product (GDP) ratio[2] is 20.3%, with the share of domestic debt being 5.0% and of external debt – 15.3% of GDP. In the central government debt structure, at the end of the period domestic debt amounts to 24.6%, and external debt – to 75.4%.

As of 31 August 2019, central government guaranteed debt amounts to EUR 74.1 million. Domestic guarantees amount to EUR 33.4 million and external guarantees – to EUR 40.7 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-August 2019 government debt reaches EUR 11,193.2 million, or 19.0% of GDP. Domestic debt amounts to EUR 2,766.2 million and external debt – to EUR 8,427.0 million.

Government guaranteed debt amounts to EUR 912.4 million in August 2019. Domestic guarantees amount to EUR 33.4 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 sub-sector 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.}