Hungary state debt 73.9 pc of GDP at end-Q1

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

The Q1 ratio, which includes Eximbank, is slightly down from a preliminary 74.2 percent reported on May 17.

The debt ratio was up from 73.6 percent at the end of the last quarter in 2017 but down from 76.2 percent 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 percent 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.

Source: MTI