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AKK to publish 2012 issuance plan next week

MNB

Hungary’s Government Debt Management Agency (AKK) will publish its debt issuance plan next week, after Parliament finalises the 2012 budget, former AKK chief Gyula Pleschinger told Dow Jones on Monday.

Prime Minister Viktor Orban said on Sunday that the 2012 budget would need to be adjusted because of a worse outlook for economic growth and a weaker forint.

Mr Pleschinger told Dow Jones in October that Hungary’s forint-denominated maturing debt would probably come to HUF 900bn in 2012, while the maturing foreign currency-based debt would be a little more than €4.5bn.

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