In the second quarter of 2025, Bulgaria’s government debt-to-GDP ratio was 26.3%, the third lowest in the EU, according to the latest data published by Eurostat on Tuesday.
The highest ratios of government debt to GDP at the end of the second quarter of 2025 were recorded in Greece (151.2%), Italy (138.3%), France (115.8%), Belgium (106.2%) and Spain (103.4%). The lowest ratios were recorded in Estonia (23.2%), Luxembourg (25.1%), Bulgaria (26.3%), and Denmark (29.7%).
At the end of the second quarter of 2025, the general government gross debt-to-GDP ratio in the euro area stood at 88.2%, increasing when compared with 87.7% at the end of the first quarter of 2025. In the EU, the ratio also increased from 81.5% to 81.9%.
Compared with the second quarter of 2024, the government debt-to-GDP ratio increased in both the euro area (from 87.7% to 88.2%) and the EU (from 81.2% to 81.9%).
At the end of the second quarter of 2025, the general government debt was made up of 84.2% debt securities in the euro area and 83.7% in the EU, 13.2% loans in the euro area and 13.8% in the EU and 2.5% currency and deposits both in the euro area and in the EU.
Due to the involvement of EU Member States’ governments in lending to certain Member States, quarterly data on intergovernmental lending (IGL) are also published. The IGL as percentage of GDP at the end of the second quarter of 2025 stood at 1.4% in the euro area and at 1.2% in the EU.
Compared with the first quarter of 2025, fifteen Member States registered an increase in their debt to GDP ratio at the end of the second quarter of 2025 and twelve registered a decrease. The largest increases in the ratio were observed in Finland (+4.3 percentage points – pp), Latvia (+2.7 pp), Bulgaria (+2.6 pp), Portugal (+1.8 pp), France (+1.7 pp) and Romania (+1.4 pp). The largest decreases were recorded in Lithuania (-1.4 pp), Ireland (-1.2 pp), Greece and Luxembourg (both -1.1 pp).
Compared with the second quarter of 2024, sixteen Member States registered an increase in their debt to GDP ratio at the end of the second quarter of 2025 and eleven Member States registered a decrease. The largest increases in the ratio were recorded in Finland (+7.8 pp), Poland (+6.1 pp), Romania (+5.8 pp), Bulgaria (+4.3 pp), France (+3.5 pp), Slovakia (+2.7 pp), Italy (+2.3 pp), and Latvia (+2.0 pp). The largest decreases were observed in Greece (-8.9 pp), Ireland (-7.2 pp), Cyprus (-6.5 pp), Denmark (-3.5 pp) and Portugal (-2.3 pp). Bulgaria’s Government Debt-to-GDP Ratio Third Lowest in EU in Q2 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-10-21 16:32:54 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law