The Hungarian budget, excluding local councils, was 4,753.4 billion forints (EUR 11.9bn) in the red at the end of 2022, as against the official target of 3,152.7 billion forints, according to preliminary data released by the Finance Ministry on Wednesday. The deficit was 1,287 billion forints at the end of November
The central budget posted a shortfall of 4,611.5 billion at the end of December. Social security funds were 405.8 billion in the red, while the separate state funds had a surplus of 263.9 billion.