Bulgaria's debt rose sharply to 28.4% of GDP in Q3 2025, despite low starting levels.

Bulgaria had one of the EU's lowest government debt levels in Q3 2025 at 28.4% of GDP, behind only Estonia and Luxembourg, but saw the second-highest quarterly debt increase, rising 2.1 percentage points. Its general government deficit was 3.6% of GDP, down from 5.9% in Q2 but above the EU and eurozone averages of 3.2%. The eurozone debt ratio reached 88.5%, and the EU average rose to 82.1%, with Greece, Italy, France, Belgium, and Spain having significantly higher debt levels.