The central budget reportedly had a HUF 965.9 bln deficit for the period, which is just over the full-year target.
When the preliminary June data was released early in July, the ministry said that additional revenues from economic growth, rising employment and the online connection of tills to the tax office already improved the balance in June and are expected to have a stronger impact in the second half of the year.
The government announced last week a HUF 110 bln freeze of central budget expenditures to ensure this year’s deficit target of 2.9% of GDP can be met.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
