July surplus short of forecasts - Hungary
The Finance Ministry announced yesterday that the state budget had produced a surplus of Ft 90.6 billion in July, compared to the Ft 95.1 billion projected earlier this year. The budget surplus in July 2006 was Ft 33 billion.
April was the other month of the year so far, which resulted in a budget surplus. The Ft 912.1 billion deficit accumulated during the first seven months of the year was 3.6% of the GDP, and 59.7% of the expected Ft 1,215 billion annual deficit. Financial news portal Portfolio.hu predicted a Ft 100 billion budget surplus for July, backed by the strong quarterly VAT returns and transfers from the simplified business tax (EVA), and warned that a Ft 300 billion deficit was anticipated for August and September. (Gazdasági Rádió, Magyar Hirlap)
ADVERTISEMENT
Investment Fund Net Subscription Reaches HUF 192 bln in Apr
Parl't Approves Amendments to Legislation on Judiciary
The Social Aspect of ESG is Now Inescapable
Tourism Nights Slightly up in April 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
