Hungarian Central Bank Sees Little Chance of Government Slashing 5.9% Deficit Target Despite Stellar Growth

2021. szeptember 06.

bne IntelliNews

The National Bank (MNB) expects the government to use additional proceeds from better-than-expected growth to boost expenditures this year, thus reducing the chances of reducing the budget gap at a faster pace, according to its biannual fiscal report on September 3.

"On the basis of favourable macroeconomic projections, a more ambitious reduction of the general government deficit and state debt than the one at present would be a realistic goal, which is why it would pay off to save surplus resources from economic growth in 2022," the MNB said in the report.