General Gov't Balance at HUF 2.896 tln in June
Image by Shutterstock.com
Hungary's cash flow-based general government balance reached HUF 2.896 trillion at the end of June, the Ministry of Finance said in a first release of data on its website.
The central budget deficit reached HUF 2.908 tln at the end of June, and the social security funds were HUF 78.1 billion in the red. Separate state funds had a HUF 90.4 bln surplus.
In the month of June alone, the deficit was HUF 132.7 bln, the narrowest gap for the month in eight years, the ministry said.
It noted that expenditures related to the regulated utility price scheme for households had come to HUF 969.2 bln by the end of June. Expenditures on home subsidies reached HUF 330.7 bln in January-June, climbing by HUF 60.2 bln from the base period.
"During wartime, the government's primary goal is the defense of families and workplaces, and preserving the value of pensions, for which the budget will ensure all necessary resources," the ministry said.
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.