In nominal terms, state debt reached HUF 26,148 billion, lifted by net borrowing, the MNB said. Revaluation reportedly impacted the level by only HUF 2 bln.
The relative figure was revised up from 76.9% in a preliminary reading released on May 17. The change reflects lower GDP, as the revised nominal debt was practically level with the preliminary figure.
Hungaryʼs year-on-year GDP growth slowed to 0.9% in Q1 this year from 3.2% in Q4, 2015.
Net liabilities of the general government amounted to HUF 23,496 bln or 69.4% of GDP at the end of the first quarter.
The net financing requirement of the general government came to HUF 425 bln or 1.3% of GDP in the four quarters to the end of Q1. In Q1 alone, the general government deficit, calculated from the financing side, was HUF 18 bln or 0.2% of quarterly GDP.
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