Hungary - Outstanding Public Debt




Hungary: Outstanding Public Debt

Mnemonic GDBT.IHUN
Unit Mil. National Curr., NSA
Adjustments Not Seasonally Adjusted
Quarterly 3.37 %
Data 2022 Q3 48,393,644
2022 Q2 46,815,255

Series Information

Source European Communities, EUROSTAT
Release Eurostat - General Government Deficit & Debt
Frequency Quarterly
Start Date 3/31/1995
End Date 9/30/2022

Hungary: Government

Reference Last Previous Units Frequency
Gross External Debt 2022 Q3 0 0 USD, NSA Quarterly
Outstanding Public Debt 2022 Q3 48,393,644 46,815,255 Mil. National Curr., NSA Quarterly

Release Information

Description

Government deficit and debt are key indicators of the government sector's financial position. They are reported to the European Commission in the framework of the Excessive Deficit Procedure (EDP). Government deficit and debt also form two of the convergence criteria for European monetary union.


Definition of indicators:

  • General government net borrowing/net lending is defined by the ESA 95 code ‘EDP B9’, which is similar to B9 except for interest flows under swaps and forward rate agreements, which are treated as financial flows in ESA 95 but as interest for the purpose of EDP.
  •  General government debt is defined as consolidated gross debt at end-year nominal value. Other accounts payable and financial derivatives (as defined in ESA 95) are excluded from the definition.

 

Methodology

Data sources used: Data are based on annual national accounts of general government, derived primarily from administrative and other records of general government, and on official estimates particularly from ministries of finance. Basic data are in national currency.


Type of survey: Tables of the EDP notification, to be completed by national authorities.


Techniques of data collection: Once data are compiled by national authorities in the reporting format, they are transmitted to DG ECFIN and to Eurostat.

 

Revisions

For years covered by the latest EDP notification (back to t-4), revision policy should be in line with the 'Code of best practice' agreed between the Commission and Member States.

Data for earlier years (t-5 backwards) are revised in the database by Eurostat whenever Member States provide revised data. The GDP denominator for years t-5 backwards are revised whenever the GDP of the Eurostat database is revised.

Notes