Hungary's public debt has never been over HUF 25,000 billion - until now. According to the Hungarian Debt Management Center, a recent increase of 1,377 bn brought it over the 25,000 bn level. Government officials cliam the increase is only temporary and budget’s debt in proportion to the GDP will decrease by the end of the year.
According to a report by the business daily 'Világgazdaság', preliminary figures suggest that the central budget’s debt amounted to HUF 25 258.1 bn (over EUR 81 billion) on June 10. It is the first time ever the country’s government debt is reported to have increased HUF 25 000 billion.
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