Hungary’s cash-flow-based budget deficit, excluding local councils, was 3,931.3 billion forints (EUR 10.7bn) at the end of November, the finance ministry said in a preliminary release on Wednesday.
The deficit widened by 1,009.1 billion forints from a month earlier. “Government measures to protect families, reduce taxes and offer investment incentives have helped the economic recovery to a large degree and mitigated the negative effects of external factors,” the ministry said. “The Hungarian economy grew by 6.1% in the third quarter, and [Hungary] remains at the forefront of the European Union in terms of its investment rate, while the number jobholders has come close to 4.7 million people,” it added.
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