Bulgaria’s Government Debt to GDP Ratio Down to 25.4%

Bulgaria’s Parliament on 25^th 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.