Hungary expects state debt to fall to 76.9%

Deals

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.

ADVERTISEMENT

IWG Announces Expansion in Hungary With 3 New Openings Analysis

IWG Announces Expansion in Hungary With 3 New Openings

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26 Int’l Relations

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26

'Complex Support' Required to Place Much of Labor Market Res... HR

'Complex Support' Required to Place Much of Labor Market Res...

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

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.