2012.May
15 May 2012 – In a speech made at a conference organised by the State Audit Office today, the Governor of the MNB, András Simor, said that in the Bank’s technical projection assuming unchanged fiscal policy, Hungary’s debt-to-GDP ratio falls to 59.4 per cent by 2026. That would still exceed the 50 per cent target for general government debt required by the Constitution. Therefore, meeting the Constitutional target will require further government measures.