Budget Deficit Now HUF 2,710 Billion in Hungary

  • 10 May 2023 12:55 PM
  • Hungary Matters
Budget Deficit Now HUF 2,710 Billion in Hungary
Hungary’s cash-flow-based budget deficit was 2,709.7 billion forints (EUR 7.3bn) at the end of April, up from 2,089.7 billion at the end of March, the Finance Ministry said in a preliminary release of data.

The central budget posted a deficit of 2,671.6 billion forints at the end of April, while the social security funds were 77.4 billion in the red.

Separate state funds showed a 39.3 billion forint surplus.

The ministry noted that expenditures related to the regulated utilities price scheme for households came to 848.5 billion forints by the end of April.

Hungary Trade Surplus Euro 899 Million in March

Hungary’s trade balance posted a surplus of 899 million euros in March, up from 581 million in February, the Central Statistical Office (KSH) said in a first reading of the data on Tuesday.

Exports grew by an annual 16.5% to 14.111 billion euros, while imports increased by 2.1% to 13.212 billion.

Trade with other European Union member states accounted for 78% of Hungary’s exports and 69% of its imports during the month.

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