The ratio rose from 73.9% at the end of Q3 and 65.5% at the end of 2019.
In absolute terms, state debt reached HUF 38.408 trillion at the end of 2020.
Hungary's constitution stipulates that year-end state debt relative to GDP must decline until the ratio reaches 50%, but the government anticipated the level would rise last year because of spending on pandemic defense and economic stimulus.
The data show the general government's net financing requirement – a good approximation for the general government deficit – reached HUF 3.883 tln, the equivalent of 8.1% of GDP, in 2020.
At the same time, households' net financing capacity reached HUF 2.925 tln, the equivalent of 6.1% of GDP, while non-financial corporations' net financing capacity stood at HUF 740 bln or 1.6% of GDP.
Households' net financial worth was HUF 55.175 tln at the end of 2020.
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