Analysis of the Bulgarian State Debt

Despite its growth in recent years, the Bulgarian State debt is still at relatively low levels. Unlike the case with the other EU Member States, the increased liabilities are not the result of social payments but of the support provided by the government to the banking sector after the bankruptcy of the fourth largest Bulgarian bank.

The debt hoarding is explained by the need to ensure liquidity in the event of subsequent financial turmoil. As well as by favorable market rates at the time. However, potential sources for its repayment are not mentioned. There are also no plans for significant public investments that will later become sources for returning those borrowed funds. The conservative approach of the Bulgarian governments creates an illusory idea of ​​stability that cannot guarantee the real sustainability of the Bulgarian economy and society.

All analysis in pdf format:
Analysis of the Bulgarian State Debt