Hungary’s public debt rose to 81% of GDP at the end of the fourth quarter, according to a first reading of data the National Bank of Hungary (NBH).
The debt rose from 74.2% at the end of the third quarter and from 65.5% at the end of 2019. In absolute terms, it was 38,368 billion forints at the end of 2020. Hungary’s constitution stipulates that year-end debt-GDP ratio should decline to 50%. Government spending on pandemic measures and economic stimulus have swollen the debt.