FinMin confirms EUR 553.6m budget surplus in January
Hungary’s cash flow-based budget, excluding local councils, had a 198.8 billion forint (EUR 553.6m) surplus in January, the Finance Ministry said on Tuesday.
The ministry said the January surplus is “not uncommon” and attributed it to seasonal effects.
The central budget’s surplus in January came to 180.5 billion forints, while the separate state funds were 22.4 billion in the black, while the social insurance funds ran a deficit of 4.1 billion.
The ministry confirmed that the budget is expected to finish the year with a deficit equivalent to 6.5 percent of GDP, calculated according to the European Union’s accrual-based accounting rules.
Read alsoAre number of Hungarians living in poverty plummets?
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Top Hungary news: Budapest Airport runway closed, Airbnb moratorium, overhauled Budapest parking system, explosions — 28 November, 2024
Hungary to extend M6 motorway and build new bridge in Mohács by 2028
Going home for Christmas? Budapest to increase airport shuttle bus frequency
End of an era: Hungarian Client Gate officially retires in 2025! What’s replacing it?
Huge explosions detected in southern Hungary’s Baranya County: here’s what caused them
Breaking: Budapest to overhaul parking system – Fee hikes, new zones, and public transport incentives
