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.

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