Historic Budget Deficit Data Is Here - But There's a Twist to the Story
14 Articles
14 Articles
With the August data, the cash flow deficit increased to HUF 5169.1 billion after eight months, which is more than 122 percent of the annual deficit target.
The deficit of the central subsystem was 2,311.2 billion forints in August.
However, this is only a temporary state, a unique situation, as the government had to advance the EU funds expected towards the end of the year for several programs. In other words, as soon as these funds arrive, the budget will be restored to order.
In August, the deficit of the central subsystem was 2,311.2 billion forints - the Ministry of Finance announced in its preliminary public finance briefing. According to the data available to us, this is the highest monthly deficit figure ever, but this does not come as a surprise and does not mean that the budget has completely turned upside down. This brings the balance for the first 8 months to -5,169.1 billion forints.
In August, the state treasury recorded its largest monthly deficit ever. The Minister of Finance took it upon himself to explain the budget deficit.
kisalfold.hu
The budget deficit set a record in August: a deficit of 2,311.2 billion forints was incurred, but the majority of this was caused by a one-off RRF item.
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