The CEO put the adjusted deficit around HUF 500 bln, while the unadjusted deficit target for this year is HUF 877.4 bln, the paper said.
According to Barcza, the sales of forint bonds, government securities targeted at retail investors, “residency” bonds and premium euro bonds had been favourable in the first half of the year. Sales of residency bonds and premium euro bonds already reached 60-70% of their respective full-year targets by the end of May, he added.
Since the beginning of May, foreign investorsʼ holdings of Hungarian bonds have fallen by about HUF 400 bln, or almost 10% of the total stock, he said. In spite of the sales, yields for the ten-year term have remained around 3.3-3.5%, while five-year yields are still about 3%, the CEO added.
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