Fri 19 April 2024
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Fri 19 April 2024
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Ministry confirms HUF 1,646.2bn deficit at the end of August
September 24th, 2018
Hungary's cash flow-based budget, excluding local councils, ran a 1,646.2 billion forint (EUR 5.1bn) deficit at the end of August, the Finance Ministry confirmed in a second reading of data. The deficit reached 121 percent of the 1,360.7 billion forint full-year target. The central budget deficit reached 1,708 billion forints while separate state funds had a 21.8 billion forints surplus and social insurance funds a 40 billion forint surplus. In August alone, the budget deficit came to 155.3 billion forints.
MTI