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Fin Min confirms HUF 151.3 bln gov't surplus

Debt

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Hungary's cash flow-based government budget, excluding local councils, had a HUF 151.3 billion surplus at the end of January, the Ministry of Finance confirmed in a second reading of data on its website.

The central budget had an excess of HUF 84.4 bln.

Separate state funds were HUF 34.3 bln in the black and the social insurance funds had a HUF 32.6 bln surplus.

The general government has had January surpluses for several years.

The full-year cash flow-based government deficit target is HUF 3.158 trillion.

The ministry noted that the government earlier reduced the full-year general government deficit target, calculated using the European Union's accrual-based accounting rules, to 4.9% of GDP, from 5.9% in the 2022 budget act.

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