MNB puts 2016 deficit at 1.6% of GDP, if reserves not spent
The National Bank of Hungary (MNB) projects Hungaryʼs government deficit will reach 1.6% of GDP this year, if fiscal reserves in the Country Protection Fund are preserved, a quarterly report released today shows, according to Hungarian news agency MTI.
If the HUF 70 billion fund is tapped, the deficit could reach 1.8% of GDP, the MNB said in its latest Inflation Report.
The projection is under the official government target of 2% of GDP.
The MNB puts next yearʼs deficit at 2.4% of GDP, in line with the government target, though it assumes the full cancellation of the Country Protection Fund.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.