Hungary net general government borrowing 0.6% of GDP to end of September

MNB

The net general government financing requirement, which is a good approximation of the general government deficit, was HUF 198 billion in the twelve months to the end of Q3 2015, amounting to 0.6% of GDP, according to preliminary financial account figures published by the National Bank of Hungary (MNB) today.

In Q3 alone, the government had net general financing capacity – a surplus – of HUF 70 bln, equivalent to 0.8% of GDP for the period, the preliminary figures show.

Maastricht debt stood at 78% of GDP at the end of September, up from 76.2% at the end of last year, but down from 79.4% a year earlier.

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