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

Hajdúsámson

170 m2 house for sale
120 000 000 Ft

Debrecen, Nagyerdei körút

20 m2 flat for rent
50 000 Ft

Hajdúsámson

house for sale
65 000 000 Ft

Leave a Reply

Your email address will not be published.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