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The central budget gap reached HUF 3.904 tln, and the social insurance funds were HUF 240.3 bln in the red, but separate state funds had a surplus of HUF 73.9 bln.
Alone in the month of November, the general government deficit came to HUF 402.8 bln. Interest expenditures came to HUF 4.014 tln in January-November, HUF 601.4 bln more than in the base period.
Revenue from tax and contributions climbed 7.9%. Revenue from taxes on consumption rose 9%.
Expenditures on transportation and public utilities reached HUF 2.227 tln, up HUF 412.1 bln from the same period a year earlier, boosted by spending on waterworks infrastructure and expenditures related to the regulated utilities price scheme for households, the ministry said.
Spending on pensions and pension-like benefits reached HUF 6.734 tln and spending on curative and preventive care came to nearly HUF 2.636 tln, both higher than in the base period.
“Hungary’s finances are in order, allowing the government to ensure the resources necessary for measures to support families, pensioners, young people, and businesses, despite the negative external economic environment,” the ministry said.
The ministry noted that Hungary’s government was maintaining fiscal discipline and preserving the stability of the budget. In line with this, tax and contribution revenues were higher in November, and the cash flow deficit was also more favourable than the time-proportionate figure, the ministry said.
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