Hungary’s budget deficit, excluding local councils, reached 2,270.3 billion forints (EUR 6.5bn) at the end of September, edging up 9 billion forints from a month earlier, the finance ministry said in a preliminary release of data on Thursday.
The central budget had a 1,841.8 billion forints deficit and the social insurance funds were 441.8 billion forints in the red, but the separate state funds had a surplus of 13.3 billion forints.
The deficit has swelled this year because of pandemic defense spending, economic stimulus and pre-financing for European Union-funded projects.
The ministry said spending on medical equipment necessary for pandemic defense came to 581.4 billion forints by the end of September.
Payouts for European Union-funded projects reached 1,500.8 billion forints, while transfers from Brussels came to just 909.4 billion forints.
The government has been pre-financing EU-funded projects for years to avoid backups and ensure all available monies are used up.