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Deficit at 108% of annual target

Hungary's general government deficit, excluding local councils, reached HUF 742.1 billion at the end of March or 108% of the full-year target, the National Economy Ministry told MTI on Thursday.

The central budget had a HUF 687.6 billion deficit during the period or 112.1% of the full-year target. The social insurance funds showed a HUF 98.4 billion gap or 110.9% of the full-year target. Separate state funds had a HUF 43.9 billion surplus.