The Hunarian government has submitted to Parliament the bill on the implementation of the 2009 budget with revenue of HUF 8,324.2bn, expenditures of HUF 9,067.9bn and a deficit of HUF 743.7bn, the bill published on the parliament website on Friday indicates.
The 2009 budget was approved by parliament on December 15, 2008, with total revenues of HUF 8,300.2bn, expenditures of HUF 8,961bn and a deficit of HUF 660.8bn.
The figures show that actual revenues exceeded the target by HUF 24bn, while expenditures exceeded the target by HUF 107bn. The deficit was almost HUF 83bn higher than originally targeted.
The budget was based, however, on significantly different economic conditions. It envisaged a 1pc contraction of the GDP; the final GDP figures for 2009 was minus 6.3pc. Inflation was targeted at 4.5pc, and the actual figure came out at 4.2pc.