Preliminary data released by the Central Statistical Office (KSH) on Tuesday shows that Hungary’s government sector had a 1,824.9 billion forint (EUR 4.5bn) deficit in Q1-Q3, equivalent to 3.7% of GDP.
Government sector revenue came to 20,047.5 billion forints during the period, up by an annual 24.7%, while expenditures rose by 19.7% to 21,872.5 billion. In the third quarter, the government sector deficit reached 931.7 billion forints, 5.4% of GDP. Government sector revenue climbed by 20.3% to 6,724.0 billion forints and expenditures increased by 22.3% to 7,655.7 billion.