Hungary's State Debt Nears 85% Of GDP

  • 20 May 2014 9:00 AM
Hungary's State Debt Nears 85% Of GDP
Hungary’s gross state debt rose to 84.6% of GDP at the end of March, up from 79% at the end of 2013, according to preliminary data from the MNB. Net loans added Ft 1.456 trillion to the total Ft 24.9 trillion of state debt in the first quarter, and capital losses added a further Ft 380 billion.

Another transitory factor is that the state issued $3 billion worth of bonds in March, covering all expiring debt this year.

Source: Hungary Around the Clock

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