Economy Minister Mihály Varga informed about the state debt and next years gross financing requirement.
Hungary will finance most of its expiring debt from Forint-denominated issues in 2017 in line with its goal of cutting the share of foreign currency debt below 20 percent by 2020, Hungarian Minister of National Economy Minister Mihaly Varga told a press conference according to Reuters. The Minister emphasised that Hungary has been reducing its state dept for seven years now.
The gross financing requirement for 2017 of the Hungarian state will be 7.844 trillion Forints, he announced.
