Hungary’s budget deficit reaches EUR 7.6bn in June
Hungary’s cash flow-based budget balance reached 2,896 billion forints (EUR 7.6bn) at the end of June, the finance ministry confirmed in a detailed release of data on Monday.
The central budget deficit reached 2,908.3 billion forints at the end of June and the social security funds were 78.1 billion in the red. Separate state funds had a 90.4 billion forint surplus.
Alone in the month of June, the deficit was at 132.7 billion, the narrowest June gap in eight years, the ministry said.
The ministry noted that expenditures related to the regulated utilities price scheme for households came to 969.2 billion forints by the end of June.
Expenditures on home subsidies reached 330.7 billion forints in January-June, up by 60.2 billion from the base period.
As we wrote two weeks ago, the Hungarian parliament passes the 2024 budget, opposition slams it, details HERE.
Source: MTI
Finance Minister -Mihaly Varga – “sprouting out” that economic growth next year 3% to 5% but that he would sign for 3%.
“Pigs might Fly” a hyperbolic term used to describe the IMPOSSIBLE.
Hungary we factually are Debt riddle growing, that the state of the Economy – the growing “erosiveness” of our Economy – places us Hungary, in a precarious position at this present time and into the future.
Varga & Orban are the principle architects, that have designed and implemented the disastrous course that Hungary has through them embarked upon.
Worsening Clouds are GATHERING.