The state used Ft 435 billion from the formerly private pensions in the last two working days of 2013 to reduce the state debt, Napi Gazdaság points out.

Net state debt stood at Ft 18.5 billion at the end of 2013, equal to 63.2% of GDP, a slight increase from 62.9% one year earlier.

The state debt has since grown by Ft 901 billion since the end of December, according to Népszabadság.

Source: Hungary Around the Clock

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