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Budget Deficit 58 percent of Full-year Target in October

MTI-Hungary Today 2019.11.08.

Hungary’s cash flow-based budget deficit, excluding local councils, amounted to 575.4 billion forints (1.7bn) at the end of October, reaching 57.6 percent of the 998.4 billion full-year target, the Finance Ministry said in a preliminary release on Friday.

In October alone, the budget was 271.8 billion forints in the red.

Budget Deficit in 9 Months only 30 Percent of Full-Year Target

The central budget ran a 534.3 billion forint deficit at the end October, while separate state funds were 80.8 billion in the black and the social insurance funds were 121.9 billion in the red.