• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Budget deficit reaches HUF 2,737 bn at end-MayBudget deficit reaches HUF 2,737 bn at end-MayBudget deficit reaches HUF 2,737 bn at end-MayBudget deficit reaches HUF 2,737 bn at end-May
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Hungary Daily News Hungary · 09/06/2022
· News To Go

Budget deficit reaches HUF 2,737 bn at end-May

economy Hungarian economy Hungary money

Hungary’s cash flow-based budget deficit, excluding local councils, reached 2,737.0 billion forints (EUR 7.0bn) at the end of May, the finance ministry said in a first reading of data released on Thursday.

The ministry said the drawn-out war in Ukraine and the European Union’s sanctions policy had created an “uncertain global economic environment”.

“The government aims to preserve Hungary’s stability and maintain a disciplined fiscal policy while protecting the household utility price caps, family subsidies and pensions,” the statement said.

  • Read also: KSH: industrial output slows as automotive sector sputters

“To achieve that goal, the government is standing by the 4.9 percent fiscal deficit target and continuing to reduce state debt,”

it said. The central budget deficit reached 2,879.0 billion forints at the end of May. The social security funds were 8.6 billion forints in the red, while the separate state funds had a surplus of 150.6 billion.

The deficit widened from 2,635.6 billion forints at the end of April.

The full-year cash flow-based budget deficit target is 3,152.7 billion forints.

store shopping food tesco hungary
Read alsoHefty price increases on medicine, foodstuff, air travel and tobacco?!
economy Hungarian economy Hungary money
Share
Daily News Hungary
Daily News Hungary

Related posts

Budapest Airport departing passengers tax
01/07/2022

Budapest Airport: check-in has been significantly slowed down


Read more
Gálicz Péter FINA
30/06/2022

What happened today in Hungary? — June 30, 2022


Read more
heat record
30/06/2022

Heat alert extended until Monday midnight


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Reader’s letter: WizzAir left Madeira-London flight passengers in trouble
  • Government: Europe needs to return to peace, stability and normality
  • Budapest Airport faces hardships
  • Melt trap for Paks 2 nuclear power plant authorised

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....