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Stimulus lifts budget deficit to HUF 1,900.7 billion in August

Hungary's cash flow-based budget deficit, excluding local councils, was 1,900.7 billion at the end of August, the Finance Ministry said in a preliminary release on Wednesday.

“Hungary’s economy grew by a record 17.9 percent in the second quarter of 2021 compared with the same period a year earlier, while the number of employed grew to more than 4,700,000. These data also reflect the success of a supportive fiscal policy built on tax cuts, job creation, investment incentives and family support,” the ministry said.

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