Hungary budget deficit 2,922 bn in Oct, ministry confirms

Hungary's cash flow-based budget deficit, excluding local councils, was 2,922.2 billion forints at the end of October, the Finance Ministry said on Tuesday, confirming in a preliminary data. The central budget deficit was 2,704.4 billion forints at the end of October, while the social insurance funds were 265.1 billion in the red. Separate state funds had a surplus of 47.3 billion. The deficit widened by 630.2 billion from a month earlier.