Hungary budget shortfall 39.6 pc FY target - econmin

Hungary's budget, excluding local councils, had a cash-flow-based surplus of 289.3 billion forints in April, which had the effect of lowering the deficit for the first four months to 228.2 billion forints, or 39.6 percent of the full-year target, the Economy Ministry said in a statement on Tuesday, quoting final data. The deficit had hit almost 90 percent of the full-year deficit target of 576.2 billion in the first three months. The Jan-Apr deficit was down from 666.2 billion forints last year.