Gen govʼt shows January surplus
Image by Shutterstock.com
Hungaryʼs cash flow-based general government balance, excluding local councils, had a HUF 90.4 billion surplus in January, the Finance Ministry said in a preliminary reading of data released Friday, Hungarian news agency MTI reports.
The central budget was HUF 40.8 bln in the black, while separate state funds and social insurance funds had surpluses of HUF 25.7 bln and HUF 23.9 bln, respectively.
The 2020 budget act targets a full-year deficit of HUF 367 bln.
The ministry noted that the general government balance showed a surplus in January of last year, too.
"The Hungarian economy may have grown by around 5% last year, laying the foundation for the general government surplus in the first month of this year," the ministry said.
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.