site.btaCentral Government Debt at BGN 36.2 Bln as of End-November

The central government debt amounts to BGN 36,237.3 million as of end-November 2022, which is a decrease by BGN 68.8 million as compared to end-October 2022. Domestic debt amounts to BGN 11,128.3 million and external debt to BGN 25,108.9 million, the Finance Ministry reported.

At the end of the reporting period the central government debt-to-gross domestic product (GDP) ratio is 22.4%, with the share of domestic debt being 6.9% and of external debt – 15.5%. As regards the subsector’s debt structure, the share of domestic and external debt for November 2022 is 30.7% and 69.3%, respectively.

As regards the debt structure by instruments, as of 30 November 2022, the main share continues to belong to bonds issued on international capital markets – 54.1%, followed by government securities issued on the domestic market – 29.7%, and by government loans – 16.2%. As regards the interest structure of debt, the trend for predominance of fixed interest rate debt (98.3%) is preserved; as regards the currency structure of debt, EUR- and BGN-denominated debt instruments continue to have a large relative share (99.8%). As regards the maturity structure of debt by original maturity, the debt instruments with maturity of over 10 years form the largest share – 59.7%, followed by those with maturity from 5 to 10 years – 29.1%, and those with maturity from 1 year to 5 years – 11.2%. As regards the structure by residual maturity, the payments up to one year account for 7.2%, those from one year to five years account for 35.4%, the payments from five to ten years account for 32.5% and those over ten years account for 24.9%, the Ministry said.

As of 30 November 2022, central government guaranteed debt amounts to BGN 588.9 million. Domestic guarantees amount to BGN 63.0 million and external guarantees – to BGN 525.9 million. The central government guaranteed debt/GDP ratio is 0.4%, reported the Ministry.

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, government debt at end-November 2022 reaches BGN 35,250.0 million, or 21.8% of GDP. Domestic debt amounts to BGN 10,965.4 million and external debt – to BGN 24,284.6 million.

Government guaranteed debt amounts to BGN 1,702.2 million in November 2022, domestic guarantees amount to BGN 63.0 million, with the government guaranteed debt-to-GDP ratio being 1.1%, the Finance Ministry said.