Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's debt is 20.4% of the country's GDP

The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this step. 

According to experts, the agreed deadline is April 28, when Sofia must send its results to the European Central Bank. 
According to data from the National Statistical Institute in 2019, Bulgaria's debt for 2019 amounts to EUR 12.375 billion. This is 20.4% of the country's GDP. 
The state governance sector accounted for a budget surplus of EUR 1.268 billion, or 2.1% of GDP.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

YES Bulgaria students return after spending a year studying at U.S. high schools

Twenty-two Bulgarian students who spent the last school year at high schools across the United States, from Texas to Vermont, have returned home . The exchange was organised by the YES Bulgaria programme. Over the past few months, the teenagers not..

published on 7/2/25 2:51 PM

The government is set to improve traffic management during the summer season

Tighter controls on main roads, tougher penalties for violators and improved traffic management during the summer months — these were the measures ordered by Bulgaria’s Prime Minister Rosen Zhelyazkov at the start of the Cabinet meeting. In..

published on 7/2/25 1:23 PM

Sandbars threaten navigation on the Danube in the Bulgarian section of the river

The low level of the Danube River makes navigation in the Bulgarian section difficult. Two sandbars have formed, Ivelin Zanev, executive director of the Executive Agency for Exploration and Maintenance of the Danube River, told..

published on 7/2/25 11:07 AM