For the period January-May, the deficit reached approximately HUF 2.801 trillion.
The central budget gap reached HUF 2.747 tln and the social insurance funds were HUF 99 bln in the red, but separate state funds had a surplus of HUF 45.3 bln.
Interest expenditures came to HUF 2.218 tln, some HUF 457.1 bln more than in the base period.
Revenue from taxes and contributions rose 7.8% as revenue from taxes on consumption climbed close to 12%, according to the report.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
