Government deficit reaches 108.8% of full-year target in November

Telco

Hungary’s cashflow-based general government deficit, excluding local councils, reached HUF 970.7 billion at the end of November, the National Economy Ministry said in a first reading of data released yesterday, state-owned news agency MTI reported.

The deficit reached 108.8% of the HUF 892.4 bln full-year target. The central budget deficit came to HUF 1.0385 trillion at the end of November. The social security funds and separate state funds had surpluses of HUF 45.8 bln and HUF 22.0 bln, respectively.

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