Bulgaria · Primary Balance · % GDP

## What this measures

The budget balance of Bulgaria's general government with interest payments removed — the part of the deficit that policy controls.

## Why it matters

A government can stabilise its debt ratio only if the primary balance covers the gap between its interest rate and its growth rate. This is the policy half of that arithmetic.

## How to read it

Positive = the government runs a surplus before paying its creditors. Compare with net interest: when interest exceeds the primary surplus, debt rises.

## What it does not say

It says nothing about the quality of the spending or the tax mix behind it.

## Source

Source: OECD Economic Outlook (CC BY 4.0), general government, annual. Palanor reads the standard definition where the OECD publishes one and the country-specific definition otherwise; points carry `definition: country-specific` in their metadata when the latter applies.