site.btaBulgaria's Gross External Debt at End-November 2023: EUR 44,402.6 Mln

Bulgaria's gross external debt amounted to EUR 44,402.6 million (46.5% of GDP) at end-November 2023, increasing by EUR 448.5 million (1%) from end-November 2022 (EUR 43,954.2 million, 51.2% of GDP), the Bulgarian National Bank reported on Tuesday.

Short-term liabilities equalled EUR 7,174.2 million (16.2% of the total debt, 7.5% of GDP), dropping by EUR 1,362.2 million (16%) from end-November 2022 (EUR 8,536.5 million, 19.4% of the total debt, 9.9% of GDP).

Long-term liabilities totalled EUR 37,228.4 million (83.8% of the total debt, 38.9% of GDP) at end-November 2023, growing by EUR 1,810.7 million (5.1%) from end-November 2022 (EUR 35,417.7 million, 80.6% of the total debt, 41.3% of GDP). 

General government’s gross external debt totalled EUR 10,665.1 million (11.2% of GDP) at end-November 2023, growing by EUR 2,175.5 million (25.6%) from end-November 2022 (EUR 8,489.6 million, 9.9% of GDP).

The external liabilities of the central bank stood at EUR 2,055.7 million (2.2% of GDP), decreasing by EUR 214.6 million (9.5%) from end-November 2022 (EUR 2,270.3 million, 2.6% of GDP).

The external liabilities of other monetary financial institutions (banks and money market funds) totalled EUR 5,701.8 million (6% of GDP), dropping by EUR 332.7 million (5.5%) from end-November 2022 (EUR 6,034.5 million, 7% of GDP).

Other sectors' external debt equalled EUR 11,651.7 million (12.2% of GDP), dropping by EUR 1,267.7 million (9.8%) from end-November 2022 (EUR 12,919.3 million, 15.1% of GDP).

The stock of intercompany lending amounted to EUR 14,328.3 million (15% of GDP) at end-November 2023, increasing by EUR 87.9 million (0.6%) from end-November 2022 (EUR 14,240.4 million, 16.6% of GDP). It held the largest share in external debt, equating to 32.3% at end-November 2023, compared with 32.4% at end-November 2022.

The net flow recorded a positive value of EUR 735.1 million (0.8% of GDP) for January – September 2023, compared with a positive value of EUR 3,776.4 million (4.4% of GDP) for the period January – September 2022.

The net external debt recorded a negative value of EUR 29,953 million (31.3% of GDP) at end-September 2023, increasing its negative value by EUR 5,231 million (21.2%) from a negative value of EUR 24,722 million (28.8% of GDP) at end-September 2022. Its decline was due to the larger increase in gross external assets (by EUR 4,930.1 million, 7.2%) and the decrease in gross external debt (by EUR 301 million, 0.7%).