Q1 net foreign debt up €1.8 bln

MNB

Hungary's net foreign debt rose €1.84 billion from the end of 2005 to €32.23 billion at the end of March 2006, including corporate loans from foreign parent companies, the National Bank of Hungary (MNB) reported on Friday.

Net foreign debt rose €3.85 billion in the twelve months to the end of March. The increase was evenly shared between the public sector (including the general government and the central bank) and the private sector, both increasing their net debt in the quarter by roughly €0.9 billion. The combined share of the general government and the MNB in the country's net foreign debt rose slightly in the quarter from 34.2% at the end of 2005 to 35%.
Excluding parent company loans, which is recorded within FDI as "other capital', Hungary's net foreign debt stood at €25.906 billion at the end of March, rising €988 million from the end of last year, and up €4.33 billion in one year.

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.

Support the BBJ

Finance