State Budget with a Deficit of 1.2 Billion Euros in Ten Months
9 Articles
9 Articles
The state budget received approximately 13 billion euros in revenue in the first ten months of this year, which was 9.6 percent more than in the same period last year. Expenditures, however, reached around 14.3 billion euros, an increase of 11.6 percent year-on-year. The budget deficit amounted to around 1.2 billion euros, the highest it had reached after just nine months.
In October last year, the deficit was still 339 billion forints.
The budget closed at HUF 200 billion in October, which is one of the best balance figures in recent years.
The Budget Situation Has Improved Dramatically, the Minister of Finance Reported Billions in Savings
The budget balance has improved by several hundred billion forints, András Kármán said - András Kármán reminded that a serious reduction in expenditure is expected in 2027.
This represents an improvement of 138 billion forints compared to the same month of the previous year. The post 200 billion was missing from the state treasury in October first appeared on 24.hu.
The October balance of the central subsystem of the public finances improved significantly, by more than 138 billion forints, compared to the same period of the previous year, while the government will continue to practice frugal management in the future, said Minister of Finance András Kármán in his Facebook post.
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