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