KSH: State debt dropped last year

MNB

Hungarian state debt as a percentage of GDP fell to 76.9% at the end of 2014, down slightly from the previous year’s 77.3%, the Central Statistics Office (KSH) reported today.

According to KSH, Hungary's nominal GDP, at current prices, reached HUF 31.89 trillion at the end of last year, while the country's Maastricht state debt was HUF 24.521 bln by the end of the year, constituting 76.9% of GDP.

In February, the National Bank of Hungary (MNB) said Hungary's state debt as a percentage of GDP remained unchanged at 77.3% at year-end. Hungarian news agency MTI noted that MNB used its own estimate for Q4 GDP, because KSH had not published its own figure. MTI added that Hungary's constitution requires year-end state debt as a percentage of GDP to decline.

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