Budget revenue is likely to be over the target by the equivalent of 0.7% of GDP this year, the central bank said in a mid-year assessment of budget trends.
On the expenditure side, MNB noted spending equivalent to 0.3% of GDP on family policy measures rolled out in February that are not contained in the 2019 budget act.
Inflation and GDP growth are likely to be higher than assumed in the budget act, which will result in higher pension expenditures because of an inflation-linked pension top-up and a pension premium linked to GDP growth, the MNB added.
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