One million Hungarians invest in government bonds

Finance Minister Mihály Varga announced this milestone on social media. The country has made significant progress in public financing: While in 2010 only 3% of government debt was held by the population, today it is over 20%. At the same time, the proportion of foreign creditors has fallen from 65% to 40%, and foreign currency debt has fallen from 50% to less than 30%.

Government bonds offer Hungarian families a safe, tax-free and high-yield investment, Varga reminded us. For the state, this means stable and predictable financing. By shifting government debt from foreign to domestic investors, Hungary pays less interest to foreign creditors and more money stays in the country. Thanks to modern technology, government bonds can now be conveniently purchased directly from a smartphone via the WebKincstár and MobilKincstár apps.