BUDAPEST: Hungary’s public debt according to Maastricht criteria stood at 76.9 percent of gross domestic product (GDP) at the end of March, up from 75.3 percent of GDP at the end of December 2015, preliminary financial account figures published by the National Bank of Hungary (NBH) on Tuesday showed.
The net general government financing requirement, which is a good approximation of the budget deficit, came to 521 billion forints (EUR 1.65bn) in the four quarters ending Q1, equal to 1.5 percent of GDP. Net financing requirement fell from 2.0 percent of GDP in 2015.
