Hungary: July fiscal surplus Ft 140.6 bln under forecast

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Hungary’s fiscal surplus was Ft 140.6 billion in July, under the Finance Ministry’s latest Ft 153.2 billion forecast, the ministry said Thursday.

The January-July cash flow-based general government deficit was Ft 581.3 billion, compared to Ft 913.1 billion in the same period last year. Hungary had a fiscal deficit of Ft 297.1 billion in June and a Ft 97.5 billion surplus in May.

The central budget posted a surplus of Ft 105.6 billion in July, down from the Ft 125.9 billion ministry forecast. The budget ran a deficit of Ft 677.4 billion in January-July as compared to Ft 1,061.2 billion in the same period a year earlier.

Social insurance funds ran a Ft 13.7 billion surplus in July, well over the ministry’s Ft 7.2 billion forecast. The January-July social insurance funds surplus was Ft 20.4 billion, under the Ft 70.3 billion surplus in the same period a year earlier.

Separate state funds ran a Ft 21.3 billion surplus in July, slightly under the ministry’s Ft 20.2 billion projection. The funds ran a surplus of Ft 75.7 billion in January-July. The Finance Ministry will publish details of the general government’s January-June cash flow position on August 15. (MTI-Econews)

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