Economy of Hungary public sector spending falling from 62% of GDP to below 50%—the current account deficit was reduced to 2% of GDP, and government debt was paid down to 94% of annual export earnings. The Government of Hungary no longer requires IMF financial assistance and has repaid all of its debt to the fund. Consequently, Hungary enjoys favorable borrowing terms. Hungary's sovereign foreign currency debt issuance carries investment-grade ratings from all major credit-rating agencies, although recently the country was downgraded by Moody's, S&P and remains on negative outlook at Fitch. In 1995 Hungary's currency, the Forint (HUF), became convertible for all current
Counties of Hungary (before 1920) county head", "main notary" and others). The county was led by the "main county head", who was a government official subordinated to the Ministry of the Interior of the Kingdom of Hungary. The "deputy county head" was also an important function. Counties of Hungary (before 1920) A county (Hungarian: vármegye or megye; for the various names, their origin and use see here) is the name of a type of administrative unit in the Kingdom of Hungary and in Hungary from the 10th century until the present day. This article deals with only the period before the Treaty of Trianon of