Speaking at a Budapest news conference, Veres said the budget was focused on gap reduction and responsible spending. The budget was calculated for an inflow of Ft 14,406.1 billion (€55.4 billion) and expenditure of Ft 16,159.3 billion (€62.1 billion). The central budget deficit will amount to Ft 1,653 billion (€6.3 billion), the social insurance fund deficit to Ft 32.2 billion (€123 million), the local government deficit will be Ft 84 billion (€316 million), and separate earmarked government funds show a Ft 16 billion (€61 million) surplus. There will be a reserve fund of Ft 221 billion (€850 million) built into the budget, Veres added.
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