September state debt confirmed at 78pc of GDP

Budapest, December 31 (MTI) – Hungary’s Maastricht state debt stood at 78.0 percent of GDP at the end of September, up from 76.2 percent at the end of last year, but down from 79.4 percent a year earlier, the National Bank of Hungary (NBH) said in a second reading of financial account figures on Thursday.

The ratio is unchanged from the preliminary figure published on November 17.

Net public financing requirement, which is a good approximation of the public finance deficit, was 197 billion forints, down just 1 billion from the first reading, in the four quarters to the end of the third quarter of 2015, equal to 0.6 percent of GDP.

(HUF 100 = EUR 0.3196)

Source: http://mtva.hu/hu/hungary-matters