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Nine-month budget deficit breaches annual target

Hungary's budget deficit in September was Ft 63 billion, bringing the nine-month shortfall to 103.4% of the government's target for the entire year. The deficit compares with a government estimate of Ft 93.1 billion for September and follows an August deficit of Ft 60 billion. The nine-month deficit was Ft 1.06 trillion, the Finance Ministry said in a faxed statement. Hungary's Finance Minister on Sept. 28 said the country will breach its budget deficit target in 2005 for the fourth consecutive year, after the EU said it must include the cost of motorway construction in the budget. (Bloomberg; Nb 1,12,14, Nv 5)