The Budget Produced a Moderate Deficit in September
8 Articles
8 Articles
In the first nine months, there was a deficit of more than HUF 5,200 billion, but it only became so large due to the advance of EU funds. The order can be restored in December if EU funds come in.
The central subsystem of the public finances closed with a deficit of 92.8 billion forints in September, the Ministry of Finance announced in its preliminary briefing. This brought the cumulative deficit to 5,300 billion forints after the first nine months. But what is more important now is what will happen to next year's budget plans.
In September, the deficit of the so-called central subsystem of public finances without municipalities amounted to HUF 92.8 billion, down HUF 210.4 billion compared to a year earlier. The first nine-month deficit amounted to HUF 5261.9 billion, the Ministry of Finance (PM) reported on Monday. In a Facebook post, the head of the ministry, András Kármán, drew attention to the encouraging trend in the evolution of the budget.
In September, the deficit of the central subsystem was HUF 92.8 billion, HUF 210.4 billion lower than a year earlier.
In September, the deficit of the central subsystem was HUF 92.8 billion, HUF 210.4 billion lower than a year earlier.
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
