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: ©

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…