Hungary’s finance ministry expects a smaller economic contraction of 0.2 percent in 2010 than its earlier forecast of 0.3 percent, the deputy finance minister told a news conference on Thursday.
Tamas Katona also said the budget deficit target of 3.8 percent of gross domestic product was still attainable in spite of a large shortfall in February.
The budget deficit was 381.9 billion forints in February, around 40 percent of the full-year target.
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