The Hungarian National Bank has released new figures on the country’s national debt that show unexpected improvement. The bank reports that it expects a budget deficit of just 2.5 percent in 2015, two-tenths of a percent less than had been predicted as recently as October. The bank’s best guess as to the deficit for 2014 also improved to 2.5 percent. It lists a move away from recession as one of the major causes of the improvement along with lower than expected government expenditures and a reduction of debt servicing costs because of lower yields.
