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Covid Spending Pushes 4Q20 Debt:GDP to 81% from 74.2%

HUNGARY

LOCAL NEWS

  • Covid expenditures see Debt: GDP lift to 81% at the end of 4Q20, up from 74.2% at the end of 3Q20. In absolute terms, state debt reached HUF 38,368bn at the end of 2020.
  • Hungary's constitution stipulates that year-end Debt:GDP must decline to 50%
  • With govt having secured five vaccines, Hungary could have 70% of its population inoculated by June - justice ministry state secretary Pal Volner
  • Auctions: 1000GMT: Hungary to sell HUF20b of 2027 floating bonds &l HUF15B discount treasury bills
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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