Fin Min confirms HUF 151.3 bln gov't surplus

Debt

Image by Shutterstock.com

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.

ADVERTISEMENT

Romania PPI Inflation Rises Further in August Analysis

Romania PPI Inflation Rises Further in August

Gov't Clears HUF 200 bln Aid for SMEs in Energy-Intensive Ma... Government

Gov't Clears HUF 200 bln Aid for SMEs in Energy-Intensive Ma...

Róbert Ésik Joins EY as Partner Appointments

Róbert Ésik Joins EY as Partner

Teachers' Strike Demonstration Attracts Thousands in Capital City

Teachers' Strike Demonstration Attracts Thousands in Capital

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.