Stable Public Finances Characterized 2016

Government debt-GDP ratio was substantially reduced

MH – 2017.01.06. 16:05 –

2016 was closed with stable public finances, resulting low deficit of the general government budget and substantially reduced government debt-GDP ratio.

According to Minister for National Economy Mihaly Varga, Hungary's successful tax reductions and fiscal policy effected such results. As for headline figures, he mentioned that the central sub sector of the state budget accumulated a preliminary deficit of HUF 848.3 bn, down by HUF 389 bn compared to the year 2015.