Hungary’s general government runs HUF 14.8 bln surplus at end-February

Telco

Hungaryʼs general government balance, excluding local councils, had a cashflow-based surplus of HUF 14.8 billion at the end of February, the National Economy Ministry (NGM) said yesterday, according to Hungarian news agency MTI.

The central budget ran a HUF 63.7 bln deficit for the period, while social security funds and separate state funds had surpluses of HUF 36.3 bln and HUF 42.2 bln, respectively. 

In February alone, the general government had a HUF 77.4 bln deficit.

The government targets a HUF 761.6 bln deficit for the full year.

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