Budget shows January surplus, says ministry

Hungary's cash flow-based budget, excluding local councils, had a 90.4 billion forint (EUR 266m) surplus in January, the finance ministry said in a preliminary reading of data released on Friday. The central budget was 40.8 billion forints in the black, while separate state funds and social insurance funds had surpluses of 25.7 billion forints and 23.9 billion forints, respectively. The 2020 budget act targets a full-year deficit of 367.0 billion forints.