Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,236.3 billion deficit at the end of September, the Ministry for National Economy confirmed in a second reading of data released Thursday. The deficit thus reached 106% of the HUF 1,166.4 bln full-year target, state news wire MTI reported.
In the first eight months of 2017, both gross and net earnings grew to the same extent, by 12.7%, compared to the equivalent period of the previous year, according to a first release of earnings data from the Central Statistical Office (KSH).
Although the past weeks’ macroeconomics calendar wasn’t exactly crowded, the Hungarian business environment received positive news from ranking institutions, the country’s CDS premium fell to a historic low, and Hungary also climbed several places up the global competitiveness list.
U.S.-Hungarian relations suddenly took an unfriendly turn after the U.S. chargé d’affaires made critical remarks regarding freedom of the press in Hungary. The Hungarian Ministry of Foreign Affairs and Trade labelled the remarks as "unsolicited interference in Hungarian domestic affairs."
Home loan outlays rose by 26% in the first half of 2017 compared to the equivalent period of 2016, reaching a total of HUF 264 billion, according to a summary of data compiled by the Central Statistical Office (KSH) and cited by state news agency MTI.