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Hungary state debt ratio continues to rise, now at 77.5 pcHungary state debt ratio continues to rise, now at 77.5 pcHungary state debt ratio continues to rise, now at 77.5 pcHungary state debt ratio continues to rise, now at 77.5 pc
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Daily News Hungary Daily News Hungary · 18/08/2022
· Business

Hungary state debt ratio continues to rise, now at 77.5 pc

Hungary’s state debt relative to GDP reached 77.5 percent at the end of the second quarter, preliminary data released by the National Bank of Hungary (NBH) on Thursday show.

The ratio edged up from 77.4 percent at the end of Q1 and rose from 76.3 percent twelve months earlier.

  • Read also: 1,000 fuel stations won’t be able to provide full degree service in Hungary

Hungary’s constitution stipulates that year-end state debt relative to GDP must decline until the ratio reaches 50 percent.

In absolute terms, Hungary’s state debt stood at 46,264 billion forints at the end of Q2, 1,933 billion forints higher than at the end of Q1.

The NBH data show the general government’s net financing requirement – a good approximation for the general government deficit – reached 333 billion forints in Q2, equivalent to 2.1 percent of quarterly GDP.

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Source: MTI

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2 Comments

  1. Anonymous says:
    18/08/2022 at 14:19

    The economic crush is coming soon

  2. Capitulation : says:
    18/08/2022 at 17:18

    Ain’t we in it NOW – decending into the un-known Nadir ???

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