MNB: Hungary Maastricht debt 75.3% of GDP at end of 2015

MNB

Image by Jessica Fejos

Maastricht state debt stood at 75.3% of GDP at the end of December 2015, down from 76.2% at the end of 2014, financial account figures published by the National Bank of Hungary (MNB) today show, according to Hungarian news agency MTI.

In nominal terms, Maastricht debt reached HUF 25.394 trillion at the end of December, rising HUF 880 billion from the end of Q4 2014. 

The debt ratio was revised down from 75.5% in the first reading published on February 17. The downward revision reflected the higher nominal GDP as nominal debt was up just HUF 1 bln from the preliminary figure.

The net government financing requirement, which is a good approximation of the government deficit, was HUF 633 bln in 2015, equal to 1.9% of GDP.

The figures were revised up slightly, by HUF 16 bln or 0.1 of a percentage point of GDP from the preliminary ratio published on February 17.

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