Gov't guarantees at HUF 3.509 tln in 2019

Government

Shutterstock.com

Hungarian government guarantees came to HUF 3.509 trillion at the end of 2019, equivalent to 7.39% of GDP, according to data compiled by EU statistical agency Eurostat.

Government guarantees relative to GDP rose from 5.09% in 2018 and 4.99% in 2017. In a regional comparison, government guarantees in the Czech Republic came to just 0.16% of GDP, while the rate was 1.18% in Poland 0.01% in Slovakia.

Government guarantees are the most common form of contingent liabilities in EU member states. Hungary's off-balance public-private partnerships (PPPs) stood at the equivalent of 1.13% of GDP in 2019.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.