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