Hungary Today / Péter Cseresnyés
Hungary’s gross state debt has fallen below 70% of the GDP, writes pro-government daily Magyar Nemzet, referring to data provided by the National Bank of Hungary. The last time the index stood this low was in 2008 right before the Gyurcsány government had to take an immense loan from the IMF to mitigate the effects of the financial crisis. While the state debt is continuously increasing, mainly due to the strong nominal GDP growth, the ratio itself has been declining in the past years. More...
