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STIMULUS LIFTS BUDGET DEFICIT TO HUF 1,900.7 BN IN AUG

 

Hungary’s cash flow-based budget deficit, excluding local councils, was 1,900.7 billion at the end of August, the Finance Ministry said in a preliminary release. “Hungary’s economy grew by a record 17.9% in the second quarter of 2021 compared with the same period a year earlier, while the number of employed grew to more than 4,700,000. These data also reflect the success of a supportive fiscal policy built on tax cuts, job creation, investment incentives and family support,” the ministry said.