In the first two months of the year, the composition of general government debt has improved markedly: the share of HUF-denominated debt continued to increase and that of foreign currency debt has accordingly declined. In addition, the share of securities held by residents has also increased significantly. Short-dated government securities were sold with yields still close to zero percent this year. Negative interest rates have also occurred at government auctions. Low yields, the rising share of HUF-denominated debt and the rising weight of resident bondholders in the financing of state debt are all contributing to more stable public finances.

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(Ministry for National Economy)