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Hungary´s Public Debt Decreasing
Politics ♦
Published: August 20, 2012; 18:44 ♦ (Vindobona)
Due to the weak euro, Hungary´s public debt quota decreased by 1.3% percentage points within only one quarter.
Hungary´s Public Debt Decreasing / Picture: © Vindobona.org
According to the Maastricht criteria, Hungary´s public debt level was down to 77.6% of GDP from 78.9% last quarter. In total, national debt shrank by € 80bn, the Hungarian National Bank announced. Furthermore, the refunding quota decreased to 3.5% of GDP from 4.4%.
However, the favorable data are not based on the increase in consumption or investments. First of all, the euro…
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