site.btaGeneral Government’s Gross External Debt Up 17.6% at End-January 2025 Y/Y

Gross external debt amounted to EUR 47,777.7 million (43.7% of GDP) at end-January 2025, growing by EUR 3,690.5 million (8.4%) from end-January 2024 (EUR 44,087.2 million, 42.5% of GDP), the Bulgarian National Bank said in a press release on March 31.

Short-term liabilities equalled EUR 8,582 million (18% of the total debt, 7.9% of GDP), growing by EUR 621 million (7.8%) from end-January 2024 (EUR 7,961.1 million, 18.1% of the total debt, 7.7% of GDP).

Long-term liabilities totalled EUR 39,195.6 million (82% of the total debt, 35.9% of GDP) at end-January 2025, growing by EUR 3,069.5 million (8.5%) from end-January 2024 (EUR 36,126.1 million, 81.9% of the total debt, 34.8% of GDP).

At end-January 2025, 77.6% of gross external liabilities were denominated in euros, compared with 80.9% at end-January 2024.

General government’s gross external debt totalled EUR 12,814 million (11.7% of GDP) at end-January 2025, growing by EUR 1,917.6 million (17.6%) from end-January 2024 (EUR 10,896.4 million, 10.5% of GDP).

The external liabilities of the central bank stood at EUR 2,046.1 million (1.9% of GDP), increasing by EUR 41.5 million (2.1%) from end-January 2024 (EUR 2,004.6 million, 1.9% of GDP).

The external liabilities of other monetary financial institutions (MFIs) totalled EUR 7,218 million (6.6% of GDP), growing by EUR 580.3 million (8.7%) from end-January 2024 (EUR 6,637.8 million, 6.4% of GDP).

Other sectors’ external debt equalled EUR 12,620 million (11.5% of GDP), increasing by EUR 611.3 million (5.1%) from end-January 2024 (EUR 12,008.8 million, 11.6% of GDP).

The stock of intercompany lending amounted to EUR 13,079.5 million (12% of GDP) at end-January 2025, increasing by EUR 539.8 million (4.3%) from end-January 2024 (EUR 12,539.7 million, 12.1% of GDP). It held the largest share in external debt, equating to 27.4% at end-January 2025, compared with 28.4% in end-January 2024.