Hungary’s public debt edges higher to 77.2 pct in Q1

Hungary’s public debt edges higher to 77.2 pct in Q1
Varoius Euro banknotes lay next to various Swiss Franc notes in this picture illustration.

BUDAPEST - Hungary's public debt rose slightly to 77.2 per cent of economic output by the end of the first quarter from 76.9 per cent at the end of 2014, preliminary data from the National Bank of Hungary showed on Monday.

Hungary's debt is the highest in Central Europe, even though the country runs a budget deficit of only 2.4 per cent and economic growth is expected to exceed 3 per cent this year.

The government says it aims to cut public debt to 73.3 per cent in the draft 2016 budget.

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