Hungary’s budget posts EUR 419 m surplus in Jan

Hungary’s cash-flow budget, excluding local councils, posted a surplus of 151.3 billion forints (EUR 419 m) at the end of January, the Finance Ministry said on Tuesday, citing preliminary data.

The central budget had a surplus of 84.4 billion forints. Separate state funds were 34.3 billion in the black and the social insurance funds had a 32.6 billion surplus.

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