/ world today news/ Bulgaria is in second place in the EU in terms of the smallest state debt, according to the latest revised Eurostat data. At the end of 2013, the debt of the EU-28 amounted to 11.55 trillion euros, or 85.4% of GDP, and marked an increase compared to previous years.
The lowest debt as a percentage of GDP was reported in Estonia (10.1%), Bulgaria (18.3%), Luxembourg (23.6%), Romania (37.9%), Latvia (38.2%) , Sweden (38.6%) and Lithuania (39%). Even with the loans taken out so far in 2014, Bulgaria is still ahead of Luxembourg in the amount of debt as a percentage of the country’s GDP. But if by the end of the year additional government bonds in the amount of BGN 1.5-1.6 billion are issued to pay off the guaranteed deposits in KTB, and the budget deficit reaches 4% of GDP and it is again financed with new government securities, Bulgaria will take third place after Luxembourg in terms of debt.
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