• Home
• Channel: Finance
• Hungary’s Budget Deficit Reaches HUF 5,101.5 Billion for 2021

Hungary’s Budget Deficit Reaches HUF 5,101.5 Billion for 2021

• 12 Jan 2022 10:11 AM
• Hungary Matters

Hungary’s cash flow-based budget deficit, excluding local councils, reached 5,101.5 billion forints (EUR 14.2bn) at the end of December, the finance ministry said in a preliminary reading of data released on Tuesday.

“The budget ensured, to the full extent, the resources necessary to restart the economy and the defence against the pandemic,” the ministry said.

“In the interest of restarting the economy, the government continued its economic policy based of tax reductions, job creation and the strengthening of families in 2021. As a result, the economy may have grown by 6.4%, while the number of employed rose to 4.7 million and the jobless rate fell under 4%. Additionally, resources used for family subsidies and for the defence of pensioners increased further,” the statement said.

The deficit climbed by 1,170.2 billion forints from the previous month.

The central budget deficit reached 4,662.3 billion forints at the end of December, the social insurance funds were 419.4 billion forints in the red and separate state funds also showed a gap of 19.8 billion.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Budget Deficit

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Forint Hits 18-Month High

• 20 Nov 2025 6:45 AM

By early Wednesday evening, the euro's exchange rate approached 381 Forints, marking an 18-month high for the Hungarian currency. The euro stood above 384 Forints on Wednesday morning, but the Forint began to strengthen steadily from 11 AM, with the rate falling below 381.7 Forints just before 7 PM.



Officially Forecasted Inflation in Hungary 'Over Tolerance Band for Rest of Year'

• 26 Sep 2025 10:09 AM

The National Bank of Hungary (NBH) acknowledged a moderation of inflation in recent months compared to levels early in the year, but said CPI was expected to stay above the 2pc-4pc tolerance band for the rest of the year in a report.



Updated: Hungary Rolls out Europe's Biggest Tax Reduction Programme

• 9 Apr 2025 7:18 AM

New measures announced by the government will give Hungary the "most comprehensive" tax system supporting children and employment in Europe and possibly the world, Gergely Gulyas, the head of the Prime Minister's Office, said at a weekly press briefing.



Updated: Why has Gov't Deficit Widened to Over HUF 1.7 Billion in Hungary?

• 27 Mar 2025 6:18 AM

Hungary's cash flow-based general government deficit reached HUF 1,722.8bn at the end of February, the National Economy Ministry confirmed in a detailed release of data.