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FINANCE MINISTER: PUBLIC DEBT FELL FASTER THAN PROJECTED

 

Public debt fell faster than projected last year and the deficit target was fulfilled, the finance minister said on Tuesday. Mihály Varga said on Facebook that public debt was 73.5% of GDP last year as against 76.8% in 2021. The budget deficit was 4.9% of GDP, in line with plans, or 6.1% taking into consideration natural gas reserves, he added. Balance indicators are expected to continue improving this year, with projections of decreasing public debt and lower deficit, he said.