The must-have newsletter about Hungary

Related Articles

HUNGARY Q1-Q3 BUDGET DEFICIT 0.4%/GDP

 

Hungary’s budget was 110.0 billion forints (EUR 341.5m) in the red in the first three quarters of 2018, equal to a shortfall of 0.4% of GDP, the Central Statistical Office (KSH) said. The Q1-Q3 deficit in 2018 was down 54.5 billion forints compared with the same period in 2017. The difference in balance is equal to 0.2 percentage points of GDP, KSH said. The statistical office noted that favourable changes in the balance can be attributed to expenditures increasing at a slower pace than revenues.