Hungary Public Debt Rises to 81% / GDP

Economy

Hungary’s public debt rose to 81% of GDP at the end of the fourth quarter, according to a first reading of data the National Bank of Hungary (NBH).

The debt rose from 74.2% at the end of the third quarter and from 65.5% at the end of 2019. In absolute terms, it was 38,368 billion forints at the end of 2020. Hungary’s constitution stipulates that year-end debt-GDP ratio should decline to 50%. Government spending on pandemic measures and economic stimulus have swollen the debt.

 

hungarymatters.hu

pixabay

Iris Properties

Debrecen, Piac utca

140 m2 commercial for rent
300 000 Ft

Debrecen, Gyolcsos utca

120 m2 house for rent
390 000 Ft

Debrecen, Gyolcsos utca

120 m2 house for rent
350 000 Ft

Leave a Reply

Your email address will not be published. Required fields are marked *