Maastricht debt down to 70.9% of GDP (minus Eximbank)

MNB

According to data on the website of the National Bank of Hungary (MNB), general government consolidated gross debt according to the convergence criteria set out in the Maastricht Treaty was 70.9% of GDP at the end of Q3 2018 at nominal value, with net lending equal to -2.2% of Hungary’s GDP in the four quarters to Q3 2018.

At the end of Q3 2018, general government consolidated gross debt at nominal value (Maastricht debt) was HUF 28,927 billion, equivalent to 70.9% of GDP. Transactions increased the debt by HUF 277 bln, while revaluations reduced it by HUF 92 bln in the reporting quarter.

Including the debt of Eximbank, the sector’s Maastricht measure of debt was 72.8% of GDP, 1.9 percentage points higher than the 70.9% calculated on the basis of financial accounts methodology. Net liabilities of the general government amounted to HUF 23,436 bln, or 57.4% of GDP, at the end of Q3 2018.

In Q3, net borrowing of the central government amounted to HUF 35 bln. Net lending of local governments was HUF 121 bln. Net borrowing of the social security funds was HUF 35 bln.

According to preliminary financial accounts data, net lending of households was equivalent to 6.2% (HUF 2,514 bln) of quarterly GDP in the four quarters to Q3 2018, and to 4.9% (HUF 524 bln) of quarterly GDP in Q3 2018 alone.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

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.