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Budget deficit HUF 1,525 billion in February

Hungary's cash-flow-based budget balance finished February with a 1,525.1 billion forint (EUR 4bn) deficit, the Finance Ministry said in a preliminary release of data on Wednesday.

The deficit widened from 143.6 billion forints at the end of January.

The central budget deficit reached 1,532.6 billion at the end of February and the social security funds were 50.6 billion in the red. Separate state funds had a 58.1 billion forint surplus.

The ministry said the prolonged war and the energy crisis caused by sanctions had “radically changed the economic circumstances”, adding that the government aimed to protect families, pensioners, the economy and workplaces, as well as the country’s security “in dangerous times, too”.

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