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Hungary State Debt 73.9% Of GDP At End-Q1

• 3 Jul 2018 9:28 AM
• Hungary Matters

Hungary’s state debt as a percentage of GDP reached 73.9% at the end of the first quarter, a second reading of data released by the central bank show.

The Q1 ratio, which includes Eximbank, is slightly down from a preliminary 74.2% reported on May 17. The debt ratio was up from 73.6% at the end of the last quarter in 2017 but down from 76.2% twelve months earlier.

Net general government financing requirement, which is a good approximation of the general government deficit, was 969 billion forints (EUR 2.94bn) in the four quarters to the end of Q1, equivalent to 2.5% of GDP, the central bank said.

The net financing requirement was revised up by 30 billion forints, or by 0.1 percentage point of GDP, from the first reading.

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