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The economy ministry warns of a huge deficit

There would be a 7% gap in the budget of the current year if the government didn’t rechannel the funds of the private pension funds to the state budget, Ministry for National Economy told Bloomberg.

Analysts say that this data could cause insecurity towards Hungary. The budget gap of the current year would have run up to 6.9% of the GDP if the government did not rechannel the funds of private pension funds. According to the answer of the Ministry for National Economy the government does not plan any further measures in order the to keep the this year’s deficit target, and will focus on the realization of the current steps.