Is the national\u00a0debt<\/b>\u00a0growing or melting is a topic that, especially in the last year, has become a political baton. The rulers use it to make sure that as a result of their work, the share of\u00a0debt<\/b>\u00a0in the gross domestic product falls, while the opposition claims just the opposite.<\/p>\n
In\u00a0Bulgaria<\/b>, the issue was brought up to date in June, when the debates on the budget update were ongoing, which, to everyone\u2019s surprise, provided for an increase in the\u00a0debt<\/b>\u00a0ceiling from BGN 7.3 billion to BGN 10.3 billion. The goal of the rulers is to enter the international market at an appropriate time, where they can raise money with which next year\u00a0Bulgaria<\/b>\u00a0will pay its maturing old debts.<\/p>\n
The latest Eurostat data are for the first quarter of the year. They show that this share for the\u00a0EU<\/b>\u00a0falls from 88.1% in the first quarter of 2021 to 87.8% at the end of the first quarter in 2022.<\/p>\n
The statistics office notes that the slight fall in this ratio in both\u00a0EU<\/b>\u00a0and Eurozone countries is due to the growth of economies outstripping that of government\u00a0debt<\/b>\u00a0in absolute terms.<\/p>\n
The largest share of the economy is the government\u00a0debt<\/b>\u00a0of Greece (189.3%), Italy (152.6%), Portugal (127.0%), Spain (117.7%), France (114.4%), Belgium (107.9%) and Cyprus (104.9%).<\/p>\n
At the same time, the lowest levels of\u00a0debt<\/b>\u00a0as a share of\u00a0GDP<\/b>\u00a0are seen in Estonia (17.6%), Luxembourg (22.3%) and\u00a0Bulgaria<\/b>\u00a0(22.9%).<\/p>\n
Bulgaria<\/b>\u00a0is also among the countries whose national\u00a0debt<\/b>\u00a0has shrunk compared to the last quarter of the previous year \u2013 by 2.2 percentage points. This also happens in Greece and Lithuania with 4 points each, in Denmark \u2013 with 3.7 points, in Ireland \u2013 also with 2.2 points, and in Croatia \u2013 with 5.5 percentage points.<\/p>\n
On an annual basis, however,\u00a0Bulgaria<\/b>\u00a0is among the countries whose\u00a0debt<\/b>\u00a0to\u00a0GDP<\/b>\u00a0shrank by the least \u2013 by 1.8 percentage points. A larger reduction is also observed in the countries with the highest debt-to-GDP ratio.<\/p>\n
Several countries\u2019 debts have grown as a share of their economies during this time. This is present in France \u2013 by 1.9 percentage points, in Italy \u2013 by 1.8 points, in Cyprus \u2013 by 1.3 points, in Malta \u2013 by 1.2 points, in Austria \u2013 by 1.1 points, etc.<\/p>\n
Source: https:\/\/www.novinite.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"
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