World Economy

Hungary Debt at 73.9% of GDP

Hungary Debt  at 73.9% of GDPHungary Debt  at 73.9% of GDP

Hungary?s state debt, calculated according to Maastricht rules, stood at 73.9% of GDP at the end of December, down from 74.3% of GDP at the end of September, the National Bank of Hungary said on Friday concerning Hungary?s financial accounts, national wire service MTI reported. In nominal terms, state debt reached HUF 25.922 trillion ($9 billion) in Q4, slightly up from HUF 25.883 trillion at the end of Q3 2016. Net repayments decreased the nominal figure by HUF 14 billion, but revaluations increased it by HUF 53 billion in the fourth quarter. Net liabilities of the general government amounted to HUF 22.940 trillion, or 65.4% of GDP, at the end of last year.


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