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General government deficit comes close to 70% of full-year target in April 2015

General government deficit comes close to 70% of full-year target in April 2015

BUDAPEST: Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 609.8 bln at the end of April, the National Economy Ministry said in a second reading of data yesterday. The deficit reached 69.5% of the HUF 877.4 bln full-year target, the ministry confirmed in the report.

The ministry noted that the deficit had reached HUF 951.2 bln at the end of April last year. The central budget deficit came to HUF 643.6 bln for January-April. The social insurance funds and separate state funds had surpluses of HUF 23.6 bln and HUF 10.2 bln, respectively.