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Budget deficit reaches HUF 2,896 billion in June, ministry confirms

Hungary's cash flow-based budget balance reached 2,896.0 billion forints (EUR 7.6bn) at the end of June, the finance ministry confirmed in a detailed release of data on Monday.

The central budget deficit reached 2,908.3 billion forints at the end of June and the social security funds were 78.1 billion in the red. Separate state funds had a 90.4 billion forint surplus.

Alone in the month of June, the deficit was at 132.7 billion, the narrowest June gap in eight years, the ministry said.

The ministry noted that expenditures related to the regulated utilities price scheme for households came to 969.2 billion forints by the end of June.

Expenditures on home subsidies reached 330.7 billion forints in January-June, up by 60.2 billion from the base period.

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