Hungary Achieves Remarkable Economic Progress

The Hungarian economic situation is favourable in “international perspective”

MH – 2016.02.18. 15:38 –

According to officials, Hungary achieved a remarkable change in state debt and the numbers are truly favourable comparing to other European countries data.

Secretary of State for Public Finances Peter Beno Banai said Hungary showed positive trends in economic performance and fiscal management that affects general government debt-to-GDP ratio.

Central government budget had been below three percent of GDP for years, nad last year it was even lower with two percent. Fiscal policy's main goal has been for years to reduce debt ratio that was 75.5 percent last year.