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| Dávid Harangozó

Hungary's debt increases significantly

D&T
February 18, 2013

The state debt in Hungary was of the second highest value ever at the end of January when the debt of the central budget was HUF 21,187.8 billion (currently over EUR 72 billion), which means a huge increase of HUF 467.7 billion over a year.

Analysts point out - looking at data published by the Government Debt Management Office - that the central government debt has been showing an increasing trend since last June when it amounted to HUF 20,622 billion. The record in government debt was HUF 426.1 billion in November 2011.

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