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CENTRAL GOVERNMENT DEBT AND GUARANTEES MONTHLY BULLETIN FOR JULY

31.08.2017

Central government debt (1)  stands at EUR 12,622.5 million as at end-July 2017. It has decreased by BGN 833.7 million compared to the previous month. This is due to the repayment of a 5-year Euro bond principal of EUR 950 million maturing on 9 July 2017.

Domestic debt amounts to EUR 3,334.5 million and external debt - to EUR 9,287.9 million.

At the end of the reporting period the central government debt-to-gross domestic product (GDP) ratio (2) is 25.4%, with the share of domestic debt being 6.7% and of external debt - 18.7% of GDP. In the central government debt structure, domestic debt at the end of the period amounts to 24.5%, and external debt - to 75.5%.

The weighted average interest rate on debt for the period January - July 2017 is 2.69%, decreasing by 23 basis points compared to the same period of 2016 (2.92%).   

Central government guaranteed debt amounts to EUR 402.9 million as of 31 July 2017. Domestic guarantees stand at EUR 34.9 million, while the central government guaranteed debt-to-GDP ratio amounts to 0.8%.

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-July 2017 government debt reaches EUR 11,978.3 million, or 24.1% of GDP. Domestic debt amounts to EUR 3,289.0 million and external debt - to EUR 8,689.2 million. 

 overnment guaranteed debt amounts to EUR 1,055.4 million in July 2017. Domestic guarantees amount to EUR 34.9 million, with the government guaranteed debt-to-GDP ratio being 2.1%.

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 13 of the new edition. 

 


(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 spring macroeconomic forecast of the Ministry of Finance for 2017