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Hungary Sees Debt Stagnating in 2014 as EU Warns on Risks | Hungarian Chamber of Commerce

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Hungary Sees Debt Stagnating in 2014 as EU Warns on Risks

Author: HA | July 15. 2014.

Bloomberg - By Edith Balázs

Hungary expects the government’s debt level to stagnate this year after the European Union warned the country should lower the borrowing burden to avert re-entering the bloc’s budget monitoring process. The cabinet forecasts government debt will be 78.15 percent of annual output at end-2014, compared with 78.26 percent a year earlier, according to an Economy Ministry projection published by research group Fiscal Responsibility Institute on its website. - More...