General government deficit nears 70% of 2015 target
Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National Economy Ministry said in a preliminary report yesterday, according to state news agency MTI.
The deficit rose to 69.5% of the HUF 877.4 bln full-year target, based on MTI calculations. The ministry noted that at the same time last year the deficit had reached HUF 951.2 bln. The central budget deficit came to HUF 643.6 bln for January-April.
The social insurance funds and separate state funds had surpluses of HUF 23.6 bln and HUF 10.2 bln, respectively.
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.