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October fiscal deficit Ft 52.4 bln, down Ft 10.4 bln from forecast

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Hungary's fiscal deficit was Ft 52.4 billion (€193.8 million) in September, the Finance Ministry announced late on Tuesday.

The deficit figure is Ft 10.4 billion down compared to the Finance Ministry's latest target published on October 16.
Central budget deficit of Ft 61.7 billion was Ft 13.3 billion higher than forecast while social insurance funds registered Ft 1.7 billion surplus last month as against a Ft 11.6 billion deficit forecast.
Hungary’s cash-flow-based public finance deficit was Ft 1,509.6 billion in the first ten months of the year, 86% of the annual target.

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