Household Sector Financing to Reach 2% of GDP

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Gross retail issuance is set at HUF 4.298 trillion in the 2024 plan, the Government Debt Management Agency (ÁKK) said in a release on its website Friday.

Total financing of the household sector, including planned FX retail issuance of HUF 104 billion, is expected to reach HUF 1.632 tln or 2% of GDP. To achieve targets, ÁKK aims to increase the number of active customers with securities accounts and the share of digital sales channels of the State Treasury, while introducing a new three-year fixed-rate bond and a five-year "bonus" bond with a loyalty premium.

ÁKK said it planned active use of sales caps in future, too, for every retail security to further mitigate wealth concentration risk.

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