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KSH: Hungary’s government sector deficit at 3.7% of GDP in Q3

Government sector revenue rose by 12.7% to 7,661 billion forints, while expenditures climbed 7.7% to 8,362 billion.

Preliminary data released by the Central Statistical Office (KSH) on Wednesday shows that Hungary’s government sector had a 701 billion forint (EUR 1.8bn) deficit in the third quarter, equivalent to 3.7% of GDP. Government sector revenue rose by 12.7% to 7,661 billion forints, while expenditures climbed 7.7% to 8,362 billion.