IMF: Hungary´s Fiscal Situation Deteriorates

Politics ♦ Published: October 15, 2013; 06:18 ♦ (Vindobona)

According to the IMF, Hungary´s public debt quota will increase. This stands in opposition to the optimistic forecasts of the government.

IMF: Hungary´s Fiscal Situation Deteriorates / Picture: ©

At the end of this year, Hungary will record a debt to GDP ratio of 79.8%, the IMF forecasts. Next year, Hungary´s public debt quota is expected to rise to 80% of GDP. Then, the figure will go down slightly, according to the IMF. In the next years, the fiscal situation in Budapest will remain rather tense. Hungary´s budget deficit is anticipated to come at 3.0% of GDP in 2013 and in…