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HUNGARY BUDGET DEFICIT 2.1% OF GDP IN 2019

 

Hungary’s budget ran a 985 billion forint (EUR 2.7bn) deficit last year, equivalent to 2.1% of GDP, data compiled by the Central Statistical Office (KSH) in the framework of an excessive deficit procedure show. The deficit was revised from 958 billion forints, equivalent to 2.0% of GDP, in a preliminary reading released in the spring. KSH noted that National Bank of Hungary (NBH) data show government sector debt reached 31,078 billion forints at the end of 2019, equivalent to 65.4% of GDP.