29.12.2017

Central government debt {1} stood at EUR 12,654.4 million as at end-November 2017. An issue of bonds with a maturity of 4 years and a volume of BGN 30.0 million was reopened on the domestic market this month.

Domestic debt amounted to EUR 3,426.8 million and external debt – to EUR 9,227.6 million.

At the end of the reporting period the central government debt-to-gross domestic product (GDP) ratio {2} was 24.8 %, with the share of domestic debt being 6.7 % and of external debt – 18.1 % of GDP. In the central government debt structure, domestic debt at the end of the period amounted to 27.4 %, and external debt – to 72.6 %.

The weighted average interest rate on debt for the period January – November 2017 is 2.70 %, decreasing by 23 basis points compared to the same period of 2016 (2.93 %).   

Central government guaranteed debt amounted to EUR 376.7 million as of 30 November 2017. Domestic debt amounted to EUR 35.4 million and external debt – to EUR -341.4 million. Domestic guarantees stood at EUR 34.9 million, while the central government guaranteed debt-to-GDP ratio amounted to 0.7 %.

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-November 2017 government debt reached EUR 12,020.7 million, or 23.6 % of GDP. Domestic debt amounted to EUR 3,391.0 million and external debt – to EUR 8,629.8 million. 

Government guaranteed debt amounted to EUR 1,025.0 million in November 2017. Domestic guarantees amounted to EUR 35.4 million, with the government guaranteed debt-to-GDP ratio being 2.0 %.

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 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 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 1

{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 autumn macroeconomic forecast of the Ministry of Finance for 2017.