State runs surplus in January, but pensions and local gov’t deficits mount

By MTI

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Hungary’s cash flow-based public finance, excluding local councils, ran a 31.3 billion forint (EUR 114.23m) surplus in January, the Finance Ministry said in a preliminary report on Friday.

The central budget had a 38.8 billion forints surplus and separate state funds had a 15.6 billion forints surplus, but the social security funds ran a 23.1 billion forints deficit in January.

Public finance revenue came to 1,201.0 billion forints in January. Expenditures reached 1,169.7 billion forints. Central budget revenue was 776.0 billion forints and expenditures reached 737.2 billion forints.

The ministry targets a full-year public finance deficit of 870.3 billion forints.

In the same month a year earlier, the public finance ran a 37.9 billion forints surplus.

public finances

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