Ratio of FX state debt set to drop to 27%
The proportion of Hungary’s state debt denominated in foreign currency could fall to 27% by year’s end, György Barcza, head of the Government Debt Management Agency (ÁKK), said late yesterday on state-owned news channel M1.
If the trend continues, he added, the ratio could reach the 25% threshold by the end of 2017, a low level it last reached in 2001–2002. The ratio slipped under 30% around May and June of this 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.