Moat Nearly Doubles Surplus
9 Articles
9 Articles
Hungary Posts Record July Budget Surplus in Magyar Fiscal Pivot
The numbers refuted Péter Magyar: the budget closed with a huge surplus
According to Péter Magyar, the budget deficit was reduced by nearly 1,000 billion forints.
Despite the grandiose words, no substantive corrections were made in the budget processes, the gigantic July surplus merely brought together two larger items, Világgazdaság learned.
According to Péter Magyar, eliminating theft and waste led to success.
Péter Magyar posted a victory report on his social media page. The Prime Minister wrote: “The budget closed in July with a surplus of over 500 billion forints, the highest in decades. We reduced the deficit from 91% in April to 67%, and then by 1,000 billion forints. We eliminated theft and waste.”
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