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PM Orban would like to see 60% state debt ceiling

Hungarian Prime Minister Viktor Orban said Wednesday he would like to see a ceiling on public debt to be set in the country's new constitution. The ceiling could be 60% to the GDP, he said.
Hungary's gross consolidated general government debt at nominal value -- government debt calculated according to the Maastricht criteria -- stood at 82.2% of GDP at the end of September 2010, the latest central bank figures show.
The spring legislation agenda of the government, which has a two-third majority in Parliament, includes the adoption of a new act on public finances as well as the enactment of a new constitution. (Econews)