General Gov't Deficit at HUF 2.6 tln

Debt

Hungary's cash flow-based general government deficit reached HUF 2.597 trillion at the end of April, as the Ministry of Finance confirmed in a detailed reading of data on its website.

The central budget had a deficit of HUF 2.591 tln at the end of the month, and the social security funds were HUF 103.3 billion in the red, but separate state funds were HUF 96.4 bln in the black.

The deficit had reached HUF 2.321 tln at the end of March.

Interest expenditures, which included large payments on retail government securities, came to HUF 1.508 tln in January-April, up HUF 632.4 bln from the same period a year earlier, the ministry said.

Spending on maintaining the regulated utility price system for households reached HUF 540 bln, it added. It noted that revenues from taxes and contributions in January-April were 9.8% over that in the base period.

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