Hungary: Public Debt Level Declines

Politics ♦ Published: November 20, 2012; 17:12 ♦ (Vindobona)

Due to the favorable currency development, the public debt level fell slightly.

Hungary: Public Debt Level Declines / Picture: © Hungarian Central Bank

Despite the shrinking economy, Hungary´s public debt quota is declining. At the end of October, Hungary´s public debt level came at 77.1%. One quarter before, the debt quota stood at 77.7%. In January, the figure already exceeded the 80% threshold. With the current public debt quota, Hungary´s public debt is on the lowest level since 2008.

The Hungarian National Bank explains…