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Hungary budget deficit swells to around 9 pc / GDP in 2020

January 22nd, 2021

Hungary's cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data on Friday. Based on the EU accounting rules, the government expects the deficit to be "around 9 percent" of GDP in 2020.


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