ADVERTISEMENT

Hungary ESA gov't deficit ratio reaches 6.8% in 2021

Debt

Image by Shutterstock.com

Hungary's government sector had a HUF 3.736 trillion deficit in 2021, equivalent to 6.8% of GDP, calculating with the European Union's accrual-based accounting methodology, news agency MTI reports, citing data published by the Central Statistical Office (KSH).

The deficit relative to GDP was a full percentage point under the gap in 2020.

Government sector revenue rose 8.3% to HUF 22.695 tln, while expenditures increased 6.9% to HUF 26.431 tln.

lone in the fourth quarter, the government sector deficit reached HUF 1.728 tln, equivalent to 11.9% of quarterly GDP. Revenue rose 13.9% to HUF 6.622 tln and expenditures were up 4.8% at HUF 8.35 tln. 

ADVERTISEMENT

Bulgaria's household spending rise outpaces income growth in... Analysis

Bulgaria's household spending rise outpaces income growth in...

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.