Hungary’s net general government borrowing 1.9% of GDP
According to preliminary financial data, net general government borrowing was HUF 610 bln in the twelve months leading up to the end of Q1, amounting to 1.9% of GDP including HUF 61 bln in financing requirement, or 0.8% of GDP, in the first quarter of 2015, the National Bank of Hungary (MNB) said today.
Maastricht debt stood at 77.2% of GDP at the end of March, up 0.3% from the end of last year, but down 5.1 percentage points from a year earlier. In the first quarter, gross borrowing transactions raised public debt by HUF 897 bln to HUF 24.976 trillion, while appreciation of the forint reduced the forint term amount by HUF 440 bln.
Net liabilities of the general government totaled HUF 23,315 bln at the end of March, or 72.1% of GDP, as compared to 72.9% at the end of last year, but was up from 68.9% recorded a year earlier.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
