site.btaWithout Reforms, Bulgaria's Debt-to-GDP Ratio Will Triple by 2045, World Bank Warns
World Bank Sofia Office senior economist Desislava Nikolova (Photo: Facebook)
Assuming that current demographic tendencies in Bulgaria persist and public finances are not reformed, the ratio of the national debt to GDP will triple by 2045, surpassing the 60% mark, and will reach almost 80% by 2050. This compares with 21% at present, which is the EU's second-lowest debt-to-GDP ratio after that of Estonia. The forecast is made in a World Bank review.
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