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Finance Ministry Raises Budget Deficit Estimates while EU Comes to the Rescue

2020. december 11.

Hungary Today

The Ministry of Finance now estimates that total government budget deficit will end up at 8-9% of GDP for this year. They have also raised the expected national budget deficit for 2021 from 2.9% to 6.5% of GDP. Fortunately, the newly accepted EU budget and recovery package may alleviate potential worries.

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Photo by Tamás Kovács/MTI