site.btaFinance Minister Petkova: Bulgaria Has Issued Debt Under Extremely Favorable Conditions Due to Eurozone Membership

Bulgaria has issued a debt on international markets under extremely favorable conditions thanks to its membership in the eurozone, said Finance Minister Temenuzhka Petkova during her visit Sunday to the Kapitan Andreevo" border crossing in connection with an issue, through which Bulgaria placed EUR 3.2 billion worth of debt on international capital markets.
 
“Bulgaria has the second-lowest debt level within the European Union,” Petkova recalled.
In response to a question about whether the growing debt might trigger a downgrade in Bulgaria’s credit rating, Petkova was firm that the country’s credit rating is expected to move upward.
 
Since the beginning of the year, Bulgaria has taken on approximately BGN 16.2 billion in new debt, including BGN 2.1 billion from domestic government securities and two international debt issuances: the recent EUR 3.2 billion placement and a EUR 4 billion issuance in late April.
 
The maximum amount of new government debt that can be raised in 2025, according to Bulgaria’s State Budget Act, is BGN 18.9 billion.