Hungarian State Debt Drops To 80.2% Of GDP
- 3 Jan 2014 8:00 AM
Consolidated gross debt fell by Ft 160 billion to 80.2% of GDP in the third quarter, according to figures from the National Bank. Analysts project that the full-year figure will be somewhere near 79.4%, down slightly from 79.8% at the end of 2012.
The figure was 79.8% at the end of last year, 82.8% at the end of March, and 81.5% at the end of June.
In its euro convergence plan, the government forecast that the state debt would fall to 78.1% of GDP at the end of 2013, Napi Gazdaság adds.
Source: Hungary Around the Clock
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