Mihály Varga: Hungary State Debt Ratio Falls
Hungary's state debt relative to GDP fell to 72.9% at the end of last year from 76.8%, Finance Minister Mihály Varga said in a post on Facebook on Monday.
Mihály Varga (L) in Brussels. Photo by OLIVIER HOSLET/ PAP/EPA
Hungary’s constitution stipulates that year-end public debt relative to GDP must decline until the ratio reaches 50%.