Government gross debt reached 57% of projected full-year GDP, based on the figures released by the finance ministry. In nominal terms the fiscal debt rose by 9.9% in 2005, to 12,744.2 billion Hungarian Forints (HUF) at the end of December. Forint-denominated debt made up 71.8% of this, while foreign exchange-denominated debt made up 28.2%.. Foreign investors held government debt securities worth HUF 2,538.4 billion at the end of 2005, some HUF 63 billion less than at the end of November 2005, but HUF 28.5 billion above the end of 2004. Nearly 98% of the total stock of foreign investorsÕ holdings was in instruments that run over one year, with an average maturity of 4.19 years.
Foreign Investors Increase holdings of Hungarian Debt