Record high budget deficit data came

Hungary’s cash-flow-based budget deficit, excluding local councils, was 3,931.3 billion forints (EUR 10.7bn) at the end of November, the finance ministry said in a preliminary release on Wednesday.

The deficit widened by 1,009.1 billion forints from a month earlier.

“Government measures to protect families, reduce taxes and offer investment incentives have helped the economic recovery to a large degree and mitigated the negative effects of external factors,”

the ministry said. “The Hungarian economy grew by 6.1 percent in the third quarter, and [Hungary] remains at the forefront of the European Union in terms of its investment.