Finance Ministry forecasts Ft 142.7 bln fiscal deficit for September
The Finance Ministry projects Hungary's general government to post a cash flow-based general government deficit, excluding local councils, of Ft 142.7 billion in September, the ministry said on Tuesday.
The ministry announced a slightly modified forecast for the annual cashflow deficit, bringing the 2006 general government deficit down Ft 10 billion to Ft 1,759.7 billion or 7.6% of GDP.
The ministry confirmed the August deficit at Ft 134.9 billion, unchanged from the preliminary figure reported on September 1, and down from its own Ft 167.1 billion deficit forecast.
The cashflow-based general government deficit, excluding local councils, was Ft 1,386,9 billion for the first eight months of the year, or 5.96% of projected GDP.
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.