The figure compares with the ministry’s Ft 142.7 billion deficit forecast released on September 19. The central budget ran a Ft 56.3 billion deficit in September following Ft 125.3 billion deficit in August, compared to a Ft 123.6 billion forecast.
The social insurance funds had a deficit of Ft 14.3 billion in September after Ft 12 billion in August as compared to a deficit forecast of Ft 15.2 billion. The separate state funds had a surplus of Ft 400 million compared to Ft 4 billion deficit forecast of the ministry.
The September figure brings Hungary’s general government deficit to Ft 1,457.2 billion for the first nine months of the year, or 6.3% of projected GDP. The ministry projected a nine-month deficit of Ft 1,529.7 billion, at 6.6 % of GDP. The ministry raised the full-year cashflow-based general government deficit target from Ft 1,545.8 billion to Ft 1,769.8 billion or to 7.6% of GDP in June.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
