General government sector revenues amounted to HUF 6.6293 trillion, a 6.1% increase y.o.y.; rising were revenues from taxes on production and imports (6.3%, including about two-thirds of this from VAT payment), income tax revenue (6.3%) and social contributions (2.7%).
Expenditures were HUF 7.0108 trillion in the first six months of the year, a 6.9% increase over the first half of 2012. Gross fixed capital formation saw the largest increase y.o.y. at 25.9%, to which expenditures on the introduction of electronic toll, large projects in flood protection, refurbishment of public buildings and disaster management development all contributed.
Interest (9.6%), employee compensation (5.8%), intermediate consumption (5.6%) and miscellaneous social benefits (3.5%) also rose. KSH put the increase in the last sub-category as mostly influenced by the 9.3% growth of pensions and retirement benefits this year.
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