Hungary Maastricht debt reaches 77.6% of GDP at end-Q1
Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 77.6% of GDP at the end of the first quarter, down from 82.3% twelve months earlier, but up from 76.9% at the end of last year, a second reading of data released by the National Bank of Hungary (MNB) today reveals.
Preliminary data published in May put the Maastricht debt at 77.2% of GDP.
Hungaryʼs Constitution requires year-end state debt as a percentage of GDP to decline until a 50% cap is reached.
In nominal terms, gross consolidated general government debt came to HUF 24.976 trillion at the end of March.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
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.
