Hungary's public debt rose to 63,981 billion forints, 76% of GDP, following a high deficit and economic stagnation.
Sanziana Georgescu
Economy
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Hungary's public debt increased significantly in the second quarter, reaching 76% of GDP, with a current account deficit of 2,773 billion forints. The rapid increase in debt is influenced by stagnating GDP and high interest expenditure, with the budget expected to allocate 3.836 trillion forints to this. Although debt has previously declined, it has steadily risen in recent years as a result of bad economic policies. Analysts expect a slow reduction in debt in the future, but the situation remains worrying.
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