Hungary’s net issuance of state debt reached 67.5% of the full-year plan by the end of the first quarter, the Government Debt Management Agency (ÁKK) said in a press release.
Net issuance totaled HUF 3.676 trillion, compared with a full-year target of HUF 5.455 tln.
Net retail issuance came to HUF 425 billion, or 33% of the annual target. Net forint issuance to institutional investors reached HUF 1.584 tln, or 99% of the full-year plan, while foreign currency issuance totaled the equivalent of HUF 1.667 tln, 66% of the target.
Gross issuance reached HUF 5.174 tln, accounting for 31% of the full-year target.
“The risk profile of the government debt portfolio remains adequate, the financing structure is balanced, and reserves are high. Hungary’s public finances remain sound,” AKK said.
Foreign currency debt accounted for 30% of total state debt at the end of March, within the target range of 27%-33%. The share of retail debt stood at 22%, also within the 20%-25% target range.