Hungary’s cash flow-based budget deficit, excluding local councils, was 1,803.7 billion forints (EUR 5.14bn) at the end of July, widening on stimulus measures, the finance ministry confirmed in a second reading of data on Thursday.
The deficit reached 78.8% of the 2,287.7 billion forint full-year target. The central budget ran a 1,620.9 billion forint deficit at the end of July, the social insurance funds were 221.9 billion forints in the red, and the separate state funds had a 39.1 billion forint surplus. The deficit widened by 99.2 billion from the end of June.
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