Bulgaria’s Government Debt to GDP Ratio Down to 25.4%
Bulgaria’s Parliament on 25th of April reported that Bulgaria retained its leading position of lowest indebtedness in Europe...
Bulgaria’s Parliament on 25th of April reported that Bulgaria retained its leading position of lowest indebtedness in Europe. In a statement from the parliamentary stand, Budget Committee Chair Menda Stoyanova also quoted Eurostat data that the level of Bulgaria’s government debt dropped from 29% at the end of 2016 to 25.4%.
At the beginning of today's government meeting, Prime Minister Boyko Borissov announced that Bulgaria has reduced its government debt for only a year. “The Eurostat report has been published. Bulgaria's foreign debt has declined from 29% to 25.4% and Bulgaria is ranked third in the lowest foreign debt in Europe after Estonia and Luxembourg. Luxembourg has 23%, but bearing in mindthe pace at which the government is working, at the end of the year, we will drop it to 20%'', Boyko Borissov said.