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.
Sources
Latest News
23:01
Serious accident in Prahova: one young man died, two were injured
22:32
Siegfried Mureșan: “We will build on the good things accomplished by the Bolojan Government”
21:50
Nicușor Dan signed the decree appointing Siegfried Mureșan as prime minister (sources)
21:21
New border crossing point with Ukraine. Sighetu Marmației II will operate permanently from December 31, 2027
20:31
NATO’s Military Committee Chair says the alliance is “prepared” for a “false flag” attack by Russia
See more news