The ratio was unchanged from the end of 2022.
Hungary's constitution stipulates that year-end state debt relative to GDP must decline until the ratio reaches 50%.
In absolute terms, Hungary's gross state debt stood at HUF 51.175 trillion at the end of Q1, up from HUF 48.834 tln at end-2022.
MNB data show the general government's net financing requirement – a good approximation for the general government deficit – reached HUF 2.02 tln in Q1, equivalent to 11.9% of quarterly GDP.
Households' net financing capacity reached HUF 1.434 tln, equivalent to 8.5% of GDP during the period.
Households' net financial worth was equivalent to 103.2% of GDP at the end of the quarter.
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