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Finance Minister: Global Economic Downturn More Severe This Year than in 2008

2020. december 15.

Hungary Today

The management of Hungary’s public debt is stable and based on several pillars, Mihály Varga, the finance minister, said in a YouTube video on Monday. Next year does not harbour any notable risks, and major reserves are at hand just in case, he said. The government’s principles for how to manage debt followed so far will be adhered to in the future too. He added that the ratio of FX debt to the total is falling, and more and more domestic investors are involved in state financing.

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Featured photo by Szilárd Koszticsák/MTI