• Home
  • Channel: Finance
  • First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion

  • 10 May 2024 8:17 AM
  • Hungary Matters
First Release: Hungary’s Cash-Flow Budget Deficit Reaches Euro 6.6 Billion
Hungary’s cash-flow budget deficit was 2,597.5 billion forints (EUR 6.6bn) at the end of April, the finance ministry said on Thursday in a first release of data.

The central budget posted a shortfall of 2,590.6 billion at the end of the month, while social security funds were 103.3 billion in the red. 

Separate state funds were 96.4 billion in the black.

The budget posted a deficit of 2,321.4 billion forints at the end of March.

The finance ministry said it has rescheduled 675 billion forints worth of state investments in order to achieve the 4.5% deficit target while several thousand billion forints worth of developments will be implemented this year.

MTI Photo
 

*********************************

You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

  • How does this content make you feel?

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.

  • Budget Deficit in Hungary Grows to HUF 1,525 Billion

    Budget Deficit in Hungary Grows to HUF 1,525 Billion

    • 24 Mar 2023 9:17 AM

    Hungary’s cash flow-based budget balance finished February with a 1,525.1 billion forint (EUR 3.9bn) deficit, the finance ministry confirmed in a second reading of data. The deficit widened from 143.6 billion forints at the end of January.

  • Economic Growth Expected to Continue in Hungary

    Economic Growth Expected to Continue in Hungary

    • 10 Mar 2023 8:43 AM

    The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.

  • Budget Ends January With HUF 144 Billion Shortfall, Hungarian Finmin Confirms

    Budget Ends January With HUF 144 Billion Shortfall, Hungarian Finmin Confirms

    • 23 Feb 2023 9:14 AM

    Hungary’s cash flow-based budget posted a 143.6 billion forint deficit, the Finance Ministry confirmed on Wednesday. The central budget was 190.8 billion forint in the red, the social security funds had a surplus of 3.6 billion, while the separate state funds also posted a surplus, of 43.6 billion forints.

Enjoy more

finance CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.

Newsletter

get in & enjoy more!

XpatLoop’s newsletter contains a hand-picked selection of fresh news, special invitations, events, movies, and more.

I understand & accept the Privacy Policy