Hungary’s budget deficit EUR 6.175 billion at end-July
Hungary’s budget deficit, excluding local councils, was 2,165 billion forints at the end of July, the Finance Ministry said in a detailed release of data on Wednesday.
Additional spending on virus protection, economic stimulus and pre-financing for European Union-funded projects, increased the shortfall.
Payouts for EU-funded projects came to 1,274.9 billion forints by the end of July, while transfers from Brussels were 489.5 billion.
“Resources necessary for jump-starting the economy and for pandemic defence are covered entirely from the Hungarian budget,” the ministry said.
“Although the economic recovery has begun, the jump-start after the state of emergency will continue to require resources of a large scale. It is the government’s intention to give Hungarian businesses all means of support and to create as many workplaces as have been lost because of the pandemic,”
the ministry said.
Read alsoSalary report reveals a shocking gap between Budapest and Hungary’s eastern regions
Source: MTI
please make a donation here
Hot news
Top Hungary news: Szoboszlai’s engagement, Schengen Zone, guest workers, Wizz Air’s new flights – 17 October, 2024
France’s Rassemblement National a strong ally of the Orbán cabinet, says minister
Budapest will become the world’s ballet capital in November
4 Hungarian tourism destinations recognised among Europe’s best!
Minister talks about the Hungarian economy’s future: 3-4% GDP growth, SME program, strict rules for Airbnb, rentals
English soccer fans outraged about Hungarian “worst food in football”