General gov't deficit Ft 135.5 bln in November

Deals

Hungary's general government, excluding local councils, registered a GFS cash flow-based deficit of of Ft 135.5 billion in November following a slight Ft 2.1 billion gap in October, bringing the eleven-month deficit to Ft 1,197.1 billion (€4.732 billion), according to preliminary figures published by the Finance Ministry on Tuesday. The preliminary figure compares to the ministry's Ft 179.5 billion deficit forecast for October. The central budget had a deficit of Ft 6 billion as opposed to the deficit forecast of Ft 44.4 billion and separate state funds reached a slight surplus of Ft 0.6 billion as compared to a deficit forecast of Ft 11.79 billion. Deficit in social insurance funds was Ft 130.1 billion, a figure above the Ft 123.3 billion forecast.

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.

Support the BBJ

Industry