Hungary’s net foreign debt up €9.721 bln in 2007
Hungary’s net foreign debt (excluding ‘other capital’ within direct investment) rose €9.721 billion in 2007 to €40.716 billion at the end of last year, National Bank of Hungary (MNB) report revealed on Monday.
Net foreign currency denominated external debt rose from €20.040 billion at the end of 2006 to €27.587 billion at the end of last year. Within this public debt of the general government and the central bank rose €808 million last year to €2.230 billion at the end of December 2007, MNB figure show. Public foreign debt in forint denominated bonds rose from €11.673 billion to €12.927 billion.
Hungary’s preliminary current-account deficit was €5.060 billion in 2007, including a €1.113 billion deficit in Q4, the central bank announced. The 2007 c/a deficit narrowed €386 million from €5.446 billion in 2006, and the Q4 deficit fell from €1.321 billion in Q3 and €1.178 billion in Q4 2006.
The seasonally-adjusted Q4 c/a deficit was €1.116 billion, compared to €1.185 billion in the previous quarter. The seasonally-adjusted net financing requirement was €885 million in Q4, as compared to €883 million in Q3 and €1.092 billion in Q4 2006. In line with its regular practice, the central bank released revised balance of payment figures for the second and third quarters of 2007. (MTI-Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.