Are you sure?

Ministry confirms July general gov't surplus, seven-month deficit in 2nd reading

Hungary's general government, excluding local councils, ran a HUF 36.1 billion cash flow-based surplus in July, and a HUF 997.5 billion deficit in January-July, the National Economy Ministry said, confirming preliminary figures released on August 5.

The central budget had a HUF 9 billion surplus in July and separate state funds had a surplus of HUF 31.7 billion. However, the social security funds ran a deficit of HUF 4.6 billion.

The central budget ran a HUF 1,012.9 billion deficit in the first seven months, the separate state funds had a HUF 62.3 billion surplus and the social security funds had a HUF 47 billion deficit in the period.

The general government deficit for January-July reached 114.6% of the HUF 870.3 billion full-year target. The seven-month central budget deficit reached 121.1% of the full-year target.

The surplus of the separate state funds exceeded their annual target by HUF 27.2 billion or 77%, and the deficit of the social security funds was two-thirds of their full-year deficit target. (MTI – Econews)