KSH: Hungary’s deficit reaches 0.4% of GDP in Q3
shutterstock
The deficit of the Hungarian government was HUF 109.7 billion, or 0.4% of GDP, in the first three quarters of 2015, HUF 548 bln less or 2.3 percentage points lower as compared to the same period a year earlier, Hungary’s Central Statistical Office (KSH) said today in a report based on preliminary data.
The lower-than-base-period deficit stemmed from revenues increasing at a higher rate than expenditures, KSH said.
The surplus in Q3 was HUF 38.1 bln, or 0.5% of GDP for that quarter, KSH said, adding that the balance improved by HUF 187.5 bln, or 2.3 percentage points of GDP, compared to the deficit in the same quarter of 2014.
The revenues of the general government sector came to HUF 11.7 trillion and expenditures to HUF 11.809 tln in the first three quarters of 2015, revenues increasing by 7.2% and expenditures by 2.1%, as compared to the same period a year earlier, KSH said.
In the third quarter of the year, revenues increased by 5.2% and expenditures were up by 0.3% as compared to the same quarter a year earlier, KSH added.
ADVERTISEMENT
Poland Inflation Surges in February
Parliament Negates Mandatory Membership in MOK
Civita Group Inaugurates HUF 2.5 bln Pasta Plant
Kinizsi Castle Reopens in Nagyvázsony
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.
