2014 government deficit reaches 71.7% of target
Hungary's cashflow-based general government balance, excluding local councils, came to HUF 825.7 bln for 2014, at 71.7% of the full-year target, the National Economy Ministry announced yesterday, confirming a first reading of data released on January 8.
Parliament amended the 2014 deficit target upward to HUF 1.1515 trillion in December. The central budget deficit came to HUF 837.1 bln for the year, or 74.2% of the respective target, while the social insurance funds had a surplus of HUF 5.7 bln instead of breaking even, and the separate state funds posted a HUF 5.7 bln surplus instead of the planned HUF 23.3 bln deficit.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.