In the proposed study is made an attempt to integrate the risk of unfavorable increase of government debt of the Republic of Bulgaria in the period 2017 - 2019 with Monte Carlo simulation. Conducted simulation is based on the specifications of regression model of debt with tax revenues as an independent variable. For this purpose was used data for the period 1998 - 2016. The relation between the government debt and the tax revenues was statistically significant (R = 0,789). The availability of…