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FinMin could take over Ft 350 bln in loans from National Motorway

The Finance Ministry is assessing the possibility of taking over loans worth Ft 350 billion from the National Motorway (NA) Zrt by the end of the year, undersecretary at the ministry István Várfalvi said on Tuesday.

The state budget would take over loans worth Ft 340 billion-Ft 360 billion, a cost that has already been included in the accrual-based ESA '95 deficit. However, the transfer would boost the cash flow-based deficit from 7.5% to 9%.