News in Brief
ÁSZ: State debt ratio target is achievable
The economy moved along a growth path in the first nine months of this year, which had a positive impact on the state debt ratio.
Debt-to-gdp
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News in Brief
Finance minister: Public debt can be reduced from 72.9 percent to below 60 percent by 2022
Mihály Varga said the government’s objectives are to secure economic growth with a rate of about 4 percent, job creation, full employment, reducing debt and a low budget deficit
News in Brief
Hungary’s economy minister has set a public debt goal of 60 percent of GDP by 2022
Mihály Varga said Hungary’s convergence program for the 2018-2022 period sent to the European Commission includes a growth projection similar to its economic expansion assumption contained in Hungary’s last report
News in Brief
Hungary's state debt drops by more than two percentage points in one year
Hungary’s gross consolidated state debt stood at 73.6 percent of GDP at the end of 2017, down from 76 percent at the end of 2016
News in Brief
Hungary’s public debt has dropped to 72.4 percent of GDP
Hungary’s public debt has dropped to 72.4 percent of GDP at the end of the third quarter, down from 73.6 percent at the end of the second quarter, the National Bank of Hungary has announced
Blog
GDP growth + stability and fiscal responsibility = Hungary’s economy recovery
In the third quarter, Hungary’s GDP grew by 3.9 percent (4.1, if adjusted for seasonal and calendar effects), beating expectations and the EU average, which came in at 2.5 percent. Meanwhile, the country’s finances are finding stable footing, with the annual budget deficit remaining well below three percent and the debt-to-GDP ratio on the decline.
News in Brief
Hungary's economy is gaining strength, significant growth expected through 2017
“Hungary is continuously doing better, economic growth is higher than the European Union average and we can expect significant growth over the remainder of the year as well,” said the minister heading the Prime Minister’s Office
News in Brief
Hungary's state debt drops one percentage point in a year
Hungary’s state debt stands at 74 percent of GDP at the end of June, reduced from 74.3 percent of GDP at the end of March
News in Brief
Hungary's GDP will soon be above EU average after expanding more than 4 percent annually
Hungary among the few EU member states that have reduced government debt since 2011
Blog
Upbeat economic outlook, says PM Orbán, “encourages us to dream big and not lay back”
Hungary’s economy hit the ground running this year. The major indicators are trending positive and international investors have taken note. Signs of a strong recovery, however, do not mean we can rest. Instead, said Prime Minister Orbán, it means that it’s time to dream big.
News in Brief
Hungary's public debt falls again for another quarter
The debt, calculated according to Maastricht rules, stood at 73.9 percent of GDP at the end of December 2016, down from 74.3 percent of GDP at the end of September
News in Brief
European Commission raises Hungary's GDP growth forecast
The EC revealed the findings in its 2017 winter economic forecast, an upward revision from the 2.6 percent growth predicted in its earlier autumn forecast in November
News in Brief
Hungary's state debt has fallen to 74 percent of GDP
The EU’s expected debt level of 60 percent can be reached in six or seven years if economic growth accelerates