Ten-month fiscal deficit confirmed at 82.2% of full-year target
Hungary's central government – the general government, excluding local councils – had a ten-month cashflow-based deficit of HUF 809.6 bln, reaching 82.2% of the full-year target, the National Economy Ministry said on Thursday, confirming a first reading released on November 6.
The central government had a HUF 35 bln cashflow-based surplus in October following a September plus of HUF 14.2 bln. The ministry confirmed that the deficit target for the full year remained 2.9% of GDP, calculated according to European Union rules. Based on the cashflow figures, the target could safely be met, it added.
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