Hungary’s budget deficit reaches 70% of annual target by April - DailyNewsHungary

More than 1,900 billion forints were spent on interest expenses alone.

Hungary’s budget deficit rose to a record high from January to April as interest payments outpaced the growth rate of tax receipts, so the authorities announced a freeze on a number of expenditure items,Bbergischet budget According to the Ministry of Economy, in the first four months of the year, the deficit amounted to more than 2.9 trillion forints (about $8 billion), the worst performance for the period, following accelerated growth. In April…

According to documents seen by Lakmusz, the government’s advertising for the latest national consultation cost at least HUF 10.7 billion, even without the costs of the poster campaign. This is nine times what the parties were legally allowed to spend before the 2022 election. The Hungarian government decided last October to launch a national consultation at the suggestion of Fidesz…

Interest payments and pension payments exceeded tax revenue growth

Hungary’s budget deficit reaches 70% of annual target by April - DailyNewsHungary

Hungary’s cash flow-based general government deficit reached HUF 2,930.5bn at the end of April, the National Economy Ministry said in a preliminary release of data on Monday. The central budget had a deficit of HUF 2,851.5 at the end of the month and the social security funds were HUF 123.0bn in the red, but separate state funds had a HUF 44.0bn surplus. The ministry said revenue was on target for the period, with revenue from taxes and contribu…

Budapest - The Hungarian state budget deficit from the beginning of the year to April exceeded 2.9 trillion forints (approximately CZK 178 billion), a record for this period. Interest payments and pension payments exceeded the growth of tax revenues and the government decided to freeze part of the budget expenditures. Bloomberg reported this today, citing data from the Ministry of Economy.