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2010 government deficit at 4.2% of GDP

2010 general government deficit is 4.2% of GDP under EDP, 4.3% under ESA, according to KSH

Hungary reported a general government deficit of HUF 1,132 billion or 4.2% of GDP for 2010 to the European Union under the Excessive Deficit Procedure (EDF) on March 31, the Central Statistics Office (KSH) said on Friday.

The ESA deficit was slightly higher, reaching HUF 1,153 billion or 4.3% of GDP according to preliminary figures, KSH said, noting that the gap reflected differences in the methodology.

The deficit ratio was over the 3.8%-of-GDP ESA deficit target for the full year of 2010.

Compared to 2009 the ESA deficit fell HUF 9 billion or 0.2 percentage points of GDP.