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Finance Ministry forecasts Ft 110.5 bln May deficit

The Finance Ministry announced on Friday it forecasts a general government deficit, excluding local councils, of Ft 110.5 billion in May.

The general government deficit was Ft 114.98 billion in April and Ft 904.2 billion in January-April, already 58.5% of the annual target. Calculating with the May forecast, the five-month deficit will reach Ft 1,014.7 billion, compared to Ft 837.7 billion in the same period in 2005.
The Finance Ministry is standing by both its Ft 1,280.1 billion half-year deficit forecast, as well as its Ft 1,543.6 billion full-year forecast.