Commenting on the data, economy ministry state secretary Péter Benő Bánai said the government would continue to pursue a stable budget, keeping the deficit low.

This can be achieved by further reducing the public debt, he said. He noted that European Union statistical authorities provide the Eurostat with data on their budget deficits and public debts twice a year.

Hungary posted a budget surplus of 270.5 billion forints (EUR 868.7m) in the first half of 2017, equivalent to 1.5 percent of GDP, the Central Statistical Office (KSH) said on Friday.

The H1 surplus was up 183.9 billion forints or 1.0 percentage point of GDP compared to the same period in 2016.

Commenting on the data, economy ministry state secretary Péter Benő Bánai said the government would continue to pursue a stable budget, keeping the deficit low.

This can be achieved by further reducing the public debt, he said. He noted that European Union statistical authorities provide the Eurostat with data on their budget deficits and public debts twice a year.

Republished with permission of Hungary Matters, MTI’s daily newsletter.