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Q1 net foreign debt up €1.8 bln

Hungary's net foreign debt rose €1.84 billion from the end of 2005 to €32.23 billion at the end of March 2006, including corporate loans from foreign parent companies, the National Bank of Hungary (MNB) reported on Friday.

Net foreign debt rose €3.85 billion in the twelve months to the end of March. The increase was evenly shared between the public sector (including the general government and the central bank) and the private sector, both increasing their net debt in the quarter by roughly €0.9 billion. The combined share of the general government and the MNB in the country's net foreign debt rose slightly in the quarter from 34.2% at the end of 2005 to 35%.
Excluding parent company loans, which is recorded within FDI as "other capital', Hungary's net foreign debt stood at €25.906 billion at the end of March, rising €988 million from the end of last year, and up €4.33 billion in one year.