Bulgaria‘s debt for 2023 amounts to BGN 42,389 million or 22.9 percent of the gross domestic product (GDP), according to final data of the National Statistical Institute, BTA reports.
For 2022, the country’s debt was in the amount of 37,850 million BGN or 22.6 percent of GDP, according to a report in the NSI.
In 2023, the “State Government” institutional sector reported a budget deficit of -3,709 million BGN, or -2 percent of GDP. The deficit in the “Central Government” subsector is in the amount of BGN -3,607 million, or -1.9 percent of GDP. The “Local Government” sub-sector realized a deficit of BGN -215 million, and the “Social Insurance Funds” sub-sector realized a surplus of BGN 112 million.
A reference in the NSI shows that in 2022 the “State Government” sector reported a budget deficit of -4,859 million BGN, or -2.9 percent of GDP. The deficit in the “Central Administration” subsector was in the amount of BGN -4,678 million, or -2.8 percent of GDP. The “Local Government” sub-sector realized a surplus of BGN 442 million, and the “Social Insurance Funds” sub-sector had a deficit of -623 million BGN.