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Hungary’s Public Debt Went Down Last Year, But Remains High

Data published by Eurostat shows that Hungary’s public debt-to-GDP ratio went down by 2.8% over the course of last year, from 79.6% to 76.8%.

While Hungary’s debt-to-GDP ratio decreased last year, it remains one of the highest among countries in Central Europe. Czech Republic, Poland, and Romania all surpassed Hungary with ratios of 41.9%, 53.8%, and 48.8%, respectively. In the region, only Croatia’s ratio of 79.8% was higher than Hungary’s, writes Népszava.

Hungary’s GDP grew by 7.1% last year, according to the Central Statistical Office. [Népszava]

Posted in Economy

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