BUDAPEST: Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 77.6% of GDP at the end of the first quarter, down from 82.3% twelve months earlier, but up from 76.9% at the end of last year, a second reading of data released by the National Bank of Hungary (MNB) today reveals.
Preliminary data published in May put the Maastricht debt at 77.2% of GDP. Hungaryʼs Constitution requires year-end state debt as a percentage of GDP to decline until a 50% cap is reached. In nominal terms, gross consolidated general government debt came to HUF 24.976 trillion at the end of March.
