The prorated fulfilment of the 2025 Financing Plan of the Government Debt Management Agency Pte. Ltd. (“ÁKK”) is reassuring and in line with expectations. The financial conditions for the operation of the state are ensured, financing of the public debt is stable. The fulfilment of the HUF 5,445 billion net financing planned for the whole year was favourable. During the first quarter of the year, 33% of the planned amount was completed in case of retail government securities. Completion rate was 99% in case of HUF institutional financing and 66% in case of FX institutional financing. Consequently, net issuance exceeded the prorated amount on all submarkets. The risk profile of the government debt portfolio remains adequate, the financing structure is balanced, reserves are high. Hungary's public finance remains sound; Hungary remained in investment grade category in case of all three main rating agencies which is a clear sign of market confidence.
