Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or 23.1% of the country’s GDP.
In 2024, the General Government Sector reports a deficit of BGN 6.158 billion (EUR 3 billion), or 3% of GDP. The deficit in the Central Government subsector was BGN 5.277 billion (EUR 2.6 billion), or 2.6% of GDP. A year earlier, the General Government deficit was 1.9% of GDP, and the deficit of the Central Government was 1.8% of Bulgaria’s GDP.
The deficit in Local Government subsector amounts to BGN 810 million (EUR 405 million), while the Social Security subsector reports a deficit of BGN 71 million (EUR 35.5 million).
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business..
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