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

Bulgarian President Radev will no longer use National Guard Service transport

Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted that forces people to do state work in their personal cars, I will stand in solidarity with them,” he..

published on 10/16/25 2:53 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM