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FINMIN: DEBT REDUCTION TO CONTINUE AFTER DEFEATING EPIDEMIC

 

Once the novel coronavirus epidemic is defeated, the government will continue reducing Hungary’s public debt with the help of secure and diversified long-term financing, Finance Minister Mihály Varga said on Facebook. He said that investors also appreciated responsible and predictable debt management, as demonstrated by Bond Awards 2020 by website Global Capital granted to Hungary. The country has won the award for most impressive issuer in central and eastern Europe, and CEO of the Government Debt Management Agency Zoltán Kurali has been voted the most impressive CEE funding official, he added. The recognition is especially noteworthy because it is granted on the basis of votes by banks, investors and issuers, and it shows that the government’s efforts are increasingly supported by international capital markets, he said.