Hungary’s central government debt up 3.6% m/m in January 2014.

By bne IntelliNews February 24, 2014

Hungary’s gross central government debt stood at HUF 22.84tn (EUR 73.45bn) as of end-January 2014, up by 3.6% on the month, data from the state debt manager AKK showed.

Foreign currency-denominated debt increased by 4.9% m/m to HUF 9.34tn mainly due to a 5% m/m rise in the stock of issued government securities. In particular, the FX bonds issued on the domestic market advanced by 77.1% m/m to HUF 766bn. On the other hand, securities issued aboard edged down by 0.5% m/m to HUF 5.71tn. The stock of loans increased by 4.7% m/m to HUF 2.86tn supported by an increase in both foreign and domestic loans.

The forint-denominated debt registered a 3.2% m/m rise to HUF 13.39tn at end-January. The stock of issued government securities increased by 3.4% m/m to HUF 12.79tn. Within the later category, the stock of discount T-bills jumped 12.5% m/m, the stock of bonds was up by 1.3% m/m and retail securities rose by 3.9% m/m. By contrast, loans edged down by 0.3% m/m to HUF 602bn. 

The FX debt accounted for 40.9% of the total debt as of end-January, which was up by 0.4pps in monthly comparison.

Related Articles

Hungarian unions in full gear for first country-wide strike at Tesco stores

Union leaders are preparing for the first country-wide strike at Tesco stores in Hungary, which has unanimous support from workers, local media reported on September 4. This is just the latest in ... more

Russian development bank IIB signs off on debut Hungarian credit facility

The Moscow-based International Investment Bank (IIB) announced on August 9 that it has signed off on its debut credit facility in Hungary. The Russian-led IIB decided around five years ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more

Dismiss