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Hungary budget deficit close to 80 pc of full-year target

May 8th, 2018

Hungary's cash flow-based budget, excluding local councils, ran a 1,081.4 billion forint (EUR 3.4bn) deficit at the end of April, the economy ministry said in a preliminary release on Tuesday. Pre-financing for EU projects drove the rise, the ministry said. The deficit reached 79.5 percent of the 1,360.7 billion forint full-year target. The central budget was 1,119.5 billion forints in the red and separate state funds had a 7 billion deficit. The social insurance funds had a surplus of 45.1 billion forints.


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