Hungary expects state debt to fall to 76.9%

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According to today’s prediction by the National Economy Ministry, Hungary’s state debt as a percentage of GDP is likely to fall to 76.9% – lower than expected – by the end of the year, down from last year’s 77.3%.

The announcement came following the Central Statistics Office (KSH) submissions of a scheduled Excessive Deficit Procedure report to the European Commission.

The ministry confirmed the government's speculation of reaching 2.9%-of-GDP general government deficit target for this year. GDP growth is expected to reach 3.1% this year, the ministry added.

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