Press release - General government deficit and debt - first notification of 2008 - 18th April 2008.

In 2007 the general government deficit of Hungary amounted to HUF 1 394.3 bn according to the first estimation of national accounts data, which represented 5.5% of GDP. The government data were calculated on the legal grounds of the Excessive Deficit Procedure (EDP) in the methodological framework of the European System of Accounts (ESA95) and were reported to Eurostat.

According to the figures of the National Bank of Hungary, general government debt amounted to HUF 16 735.5 bn at the end of 2006, which was 66% of GDP.

Further information:

• The EDP notification of Hungary (xls, 296 KB)
• Press release of Eurostat (pdf, 305 KB)
• Historical EDP data for Hungary (1996-2003) (xls, 243 KB)
• Sources and methods for compiling the EDP notification (pdf, 413 KB)