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Hungary net financing need to fall about HUF 200 bln in 2012

MNB

Hungary's net forint financing requirement will fall by about HUF 200 billion next year from some HUF 895 billion this year as the government cuts the budget deficit and repays debt earlier, Government Debt Management Agency (ÁKK) chief Gyula Pleschinger told Bloomberg on Monday.

 Hungary's net sales of foreign currency debt will be "practically zero" next year, Pleschinger said. He reiterated that Hungary did not plan any more foreign currency bond issues this year.

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