Four-month central budget spending slightly below pro-rata plans

Telco

Central budget expenditure in the first four months, at HUF 3,607.5 billion, reached 32.5% of the annual plan, detailed budget figures show. One of the biggest individual items, interest expenditure reached HUF 447.6 billion or 36.2% of the annual target, but still dropped about HUF 30 billion in one year. Among other spending, debt service related spending, at HUF 22.5 billion, rose more than fourfold, mainly on the financial transaction duty paid by the state debt management agency ÁKK, the economy ministry said in its budget report. Among other bigger items on the spending side, the HUF 101.9 billion spent on case-by-case and standard support was nearly 38% of the annual target and almost tripled from last year as the central budget started to transfer the support already in April instead of May as in 2012. The biggest items were the HUF 78 billion contribution to the cost of intercity public transport and HUF 22.1 billion paid towards rail network maintenance.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.