ADVERTISEMENT

ICEG projects gov’t debt to peak at 67% of GDP

MNB

Economic research center ICEG expects Hungary's level of government debt to rise to 67% of GDP by the end of 2007 before falling back to 60%, the Maastricht criterion, within a few years, director Pál Gáspár told the press on Tuesday.

GDP is expected to fall due to the government's planned fiscal adjustments, and rising interest rate expenditure will make financing more expensive, he said. According to ICEG, the ratio of government debt to GDP will rise to 63.5%-64% as a result by the end of this year, and it will rise further in 2007.

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing... Banking

EBRD Provides Portfolio Risk-sharing Facility to OTP Leasing...

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Q1 Growth of AutoWallis' New and Used Vehicle Sales Above Ma... Automotive

Q1 Growth of AutoWallis' New and Used Vehicle Sales Above Ma...

Consumer Protection Forces Website Changes on Viagogo Tourism

Consumer Protection Forces Website Changes on Viagogo

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.