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Budget Deficit 69% of Full-year Target

MTI-Hungary Today 2020.03.09.

Hungary’s cash flow-based budget, excluding local councils, ran a 254.6 billion forint (EUR 757.1m) deficit at the end of February, reaching 69.37 percent of the 367.0 billion forint full-year target, the Finance Ministry said in a preliminary release on Monday.

The central budget deficit reached 283.7 billion forints, while the separate state funds were 36.3 billion forints in the black and the social insurance funds were 7.2 billion forints in the red.

In the featured photo: Finance minister Mihály Varga. Photo by Attila Kovács/MTI