Hungary’s central government debt edges down 0.2% m/m in September 2013.

By bne IntelliNews October 24, 2013

Hungary’s gross central government debt stood at HUF 22.08tn (EUR 75.1bn) as of end-September 2013, down by 0.2% on the month, data from the state debt manager AKK showed.

Foreign currency-denominated debt decreased by 0.2% m/m to HUF 8.61tn. This was mostly due to the stock of FX bonds issued abroad, which declined by 0.7% m/m to HUF 5.33tn. By contrast, the FX bonds issued on the domestic market rose by 2.4% m/m to HUF 547.7bn. The stock of loans edged up by 0.2% y/y to HUF 2.73tn. The FX debt accounted for 39% of the total debt as of end-September, which was unchanged in monthly comparison.

The forint-denominated debt also registered a 0.2% m/m drop to HUF 13.35tn at end-September. Loans declined by 4.5% m/m to HUF 662.2bn and the stock of issued government securities edged up by 0.1% m/m to HUF 12.9tn. Within the later category, however, the stock of bonds advanced by 0.4% m/m, the stock of retail securities increased by 7.4% m/m, while and the stock of discount T-bills was down by 6.3% m/m.

Related Articles

Hungary's central bank unveils new stimulus to bring down long yields

The Monetary Council of the Magyar Nemzeti Bank announced new monetary policy measures at its November 21st meeting, while keeping the base rate and the overnight rates unchanged, as expected. ... more

EU calls for tax haven blacklist in Paradise Papers fallout

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ... more

Hungary slides down World Bank's Doing Business index

Hungary fell to 48th from 41st on the World Bank’s latest “Doing Business,” index which rates the business climate in 190 countries, published on October 31. Hungary's regional peers all ... more