Finance Minister Mihály Varga said Hungary has a series of foreign currency bond issues worth 4 billion dollars planned for next year together with the refinancing of foreign currency bonds worth 1 billion dollars.
Minister Varga added that EU recovery funds are also expected to underpin Hungary’s public financing. The minister said that whereas 10 years ago, more than half of Hungary’s debt was FX, today this has been lowered to 25%. Meanwhile, the level of foreign ownership in the country’s businesses has fallen from 75% to 50%, he added. Whereas the amount of state bonds in the hands of Hungarians has fallen somewhat this year, domestic financing of the national debt is still the highest in Europe, at 20%, Minister Varga said.