The Bulgarian Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% by the end of 2025, 29.3% by the end of 2026, 31.0% in 2027, and 32.8% by 2028.
The government plans to assume new debt to the tune of 16.9 billion BGN in 2025, 9.4 billion BGN in 2026, 10.4 billion BGN in 2027, and 10.9 billion BGN in 2028. This will cover both the refinancing of outstanding debt, which is estimated at 3.7 billion BGN in 2025, and the financing of the state budget deficits. The Ministry of Finance…
