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Hungary repays 1.2 billion of US dollar of debtHungary repays 1.2 billion of US dollar of debtHungary repays 1.2 billion of US dollar of debtHungary repays 1.2 billion of US dollar of debt
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Daily News Daily News · 14/06/2022
· News To Go

Hungary repays 1.2 billion of US dollar of debt

budget economy Hungarian economy Hungarian government Hungary Hungary's budget Hungary's Finance Ministry

Hungary has repaid 450 billion forints’ worth of debt, the finance minister said on Tuesday.

Mihaly Varga said on Facebook that after having issued a bond oversubscribed twofold last week, Hungary redeemed 1.2 billion of US dollar bonds.

“Hungary’s public debt maturity is now more favourable and its financial stability is now stronger as a result,”

Varga said.

Even amidst war and an uncertain international environment, Hungary has managed not only to repay its debt on time, it has done so before the expiry, he added.

draft Hungary budget 2023
Read alsoHungary’s finance minister submitted the government’s draft 2023 budget to parliament – UPDATE
budget economy Hungarian economy Hungarian government Hungary Hungary's budget Hungary's Finance Ministry
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