Nov. 10 (Bloomberg) -- Hungary’s 2010 debt offering plan depends on talks with officials from the International Monetary Fund and the European Union, which the government wants to complete next week, Finance Minister Peter Oszko said.

The government is discussing the timing and size of the next payment from its 20 billion-euro ($30 billion) bailout loan, Oszko said in an interview in Brussels today. Next year’s debt program will include the offering of foreign currency- denominated debt, he added.

Hungary was the first European Union country to secure an international emergency loan last year to avert a default in the credit crisis after demand for local bonds dried up. The bailout raised the level of the country’s foreign-currency debt, a trend which the government wants to reverse, Oszko said.

“It’s beyond debate that there will be foreign-currency issuance, but when and what size depends on the IMF and EU agreement,” Oszko said. “We would like to reduce” the ratio of foreign-currency debt. “The plans for this are quite simple: to continue domestic sales as much as possible and to issue abroad only as much as maturing foreign-currency debt warrants.”

The forint traded at 271.74 per euro at 5:34 p.m. in Budapest, from 272.01 late yesterday.

The government restarted regular bond auctions in April after a six-month pause because of a lack of demand. It raised 50 billion forint ($276 million) last week as increased risk aversion pushed yields higher from a previous offering two weeks earlier.

Aside from a euro-bond sale, the only other currency “worth borrowing in” is the U.S. dollar, Oszko said. The country raised 1 billion euros in a foreign debt offering in July, the first sale since taking out the IMF-led loan.

To contact the reporter on this story: Agnes Lovasz in London at alovasz@bloomberg.net

Last Updated: November 10, 2009 11:35 EST