Here’s the latest data, Hungary’s budget deficit is over €12 billion
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Hungary’s cash flow-based budget, excluding local councils, posted a 4,753.4 billion forint (EUR 12.1bn) deficit in 2022, the finance ministry confirmed in a detailed release of data on Monday.
The deficit widened by 1,287.0 billion in December alone.
The central budget deficit reached 4,611.5 billion forints at the end of the year. The social security funds were 405.8 billion forints in the red, while the separate state funds had a surplus of 263.9 billion.
The full-year cash flow-based budget deficit target was 3,152.7 billion forints.
The ministry said the deficit was a consequence of measures to ensure the country’s security and energy supply.
Expenditures on pensions last year came to 4,791.5 billion forints, including an annual bonus equivalent to a full month’s pension, increases to preserve pension value amid inflation, and a premium linked to economic growth.
With Hungarian politics, no wonder the people are in famish situation.
How long Hungarian are going to tolerate this situation? no one knows