ADVERTISEMENT

Bulgaria's gov't debt of 25.1% of GDP in 2021

World

Photo by FOXARTBOX/Shutterstock.com

Bulgaria's general government sector reported a deficit of EUR 2.8 billion, or 4.1% of the country's gross domestic product (GDP), public broadcasting BNR reported citing preliminary data from the statistics institute.

The deficit in central government amounted to EUR 3.3 billion, while local government reported a surplus to the tune of EUR 75 million.

The 'Social Security Funds' generated a surplus to the tune of EUR 414 million.

Meanwhile, the government debt reached EUR 17 billion in 2021, or 25.1% of the GDP - a record high since the introduction of the currency board in 1997. 

MET Group Wins TXF 'Commodity Financing Deal of the Year' Energy Trade

MET Group Wins TXF 'Commodity Financing Deal of the Year'

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF Int’l Relations

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF

Gov't, Pharma Association Sign Cooperation Agreement Pharma

Gov't, Pharma Association Sign Cooperation Agreement

New Textile Collection Celebrates Hungary's Furmint Grape Wi... Art

New Textile Collection Celebrates Hungary's Furmint Grape Wi...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.