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Romania catches up with Hungary in GDP per capita
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According to Eurostat’s preliminary data, Hungary’s GDP per capita is eighth from the bottom of the ranking of Member States. It has caught up with Portugal in 2022, but its lead over Romania has vanished.
Hungary’s GDP per capita in 2022 was 77 percent of the EU average at purchasing power parity (PPP), according to a preliminary release by Eurostat, hvg.hu reports. This brings Hungary closer to the EU average, as this figure was only 75 percent in 2021. Hungary has now caught up with Portugal (75.1 percent in 2021, 77 percent in 2022).
So did Romania: in 2021, the country’s GDP per capita was 74.1 percent of the EU average. In 2022, it rose to 77 percent.
This puts Romania, Portugal and Hungary in the 8th place from behind.
Budget deficit at HUF 1,525 billion in February, ministry confirms
Hungary’s cash flow-based budget balance finished February with a HUF 1,525.1 billion (EUR 3.9 billion) deficit, the finance ministry confirmed in a second reading of data on Thursday. The deficit widened from HUF 143.6 billion at the end of January. The central budget deficit was HUF 1,532.6 billion at the end of February and the social security funds were 50.6 billion in the red. Separate state funds had a 58.1 billion surplus.
Oh no! Hard numbers – data. And we seem to be falling behind?
Our Politicians’ response: couldn’t possibly be us – even though we have ruled by decree to respond immediately to any developments and have done so since 2020. The numbers say they’re not doing so well?
It is all Brussels’ fault 🤣 and Soros’, of course 😄