Bulgaria: Gross external debt drops

Bulgaria: Gross external debt drops

Bulgaria’s gross external debt was recorded at 33,495.1 million euros (51.5% of GDP) at the end of March 2020, that is, 576.2 million euros (1.7%) less than at the end of 2019 (34,071.3 million euros and 56.2% of GDP).

Debt decreased by 738.3 million euros (2.2%) compared to March 2019 (34,233.5 million euros, 56.4% of GDP). At the end of March 2020, long-term liabilities amounted to 25,705.1 million euros (76.7% of gross debt, 39.5% of GDP), increasing by 58.1 million euros (0.2%) compared to the end of 2019 (25,647 million euros, 75.3% of debt, 42.3% of GDP), according to the National Bank of Bulgaria.

Long-term debt fell by 197 million euros (0.8%) compared to March 2019 (25,902.1 million euros, 42.7% of GDP). Short-term liabilities amounted to 7,790 million euros (23.3% of gross debt, 12% of GDP) and dropped by 634.3 million euros (7.5%) compared to the end of 2019 (8,424.3 million euros, 24.7% of debt, 13.9% of GDP). The short-term external debt fell by 541.3 million euros (6.5%) compared to March 2019 (8,331.3 million euros, 13.7% of GDP).

In the January-March 2020 period, payments made in the gross foreign debt service amounted to 1,088.1 million Euros (1.7% of GDP) compared to 1,472.1 million Euros (2.4% of GDP) for the January – March 2019 period. /ibna