Hungary State Debt Ratio Reaches 75.2% at End-Q2
Image by xtock / Shutterstock.com
Hungary's state debt relative to GDP reached 75.2% at the end of the second quarter, a second reading of data released by the National Bank of Hungary (MNB) on Monday showed.
The ratio was a little higher than the 75% in a preliminary reading of data released by MNB on August 18.
The state debt ratio edged down from 75.4% at the end of Q1, but was up from 73.9% at the end of 2022.
Hungary's constitution stipulates that year-end state debt relative to GDP must decline until the ratio reaches 50%.
In absolute terms, Hungary's state debt stood at HUF 52.727 trillion at the end of Q2, HUF 1.552 tln higher than at the end of Q1, and HUF 3.893 tln more than at the end of 2022.
The Makings of the Future Smart Electricity Network
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
