In 2024, the General Government Institutional Sector reported a deficit of -6 240 million BGN, or -3.0% of the gross domestic product (GDP), according to the final data from the National Statistical Institute. The deficit in the Central Government sub-sector amounted to -5 320 million BGN, or -2.6% of GDP. The Local Government sub-sector reported a deficit of -849 million BGN and the sub-sector Social Security Funds reported a deficit of -71 million BGN.
The Government Debt of Bulgaria for 2024 is 48 851 million BGN, or 23.8% of the GDP.
| Indicators | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| GDP - BGN million | 139 537 | 168 354 | 184 875 | 204 907 |
| Deficit (-)/surplus (+) of the 'General Government' sector - BGN million | -5 526 | -4 942 | -3 683 | -6 240 |
| Deficit (-)/surplus (+) of the 'General Government' sector - % of GDP | -4 | -2.9 | -2 | -3 |
| Debt of the 'General Government' - BGN million | 33 279 | 37 855 | 42 393 | 48 851 |
| Debt of the 'General Government' sector - % of GDP | 23.8 | 22.5 | 22.9 | 23.8 |
The statistical information on the activities of the General Government institutional sector, including debt, deficit and surplus, is elaborated according to the harmonized EU methodology[1]. In the implementation of Council Regulation (EC) No. 479/2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community, each member state provides to Eurostat (the European Commission) preliminary data on deficit/surplus and debt for the reporting year as of March 31st of the next year and the final data as of September 30th of the next year.
[1] The harmonized EC methodology is defined in the Manual of Government Deficit and Debt on the General Government Sector and the European System of National Accounts (ESA 2010) of Eurostat.
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