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Hungary Budget Deficit Swells to Around 9% of GDP in 2020

2021. január 25.

Hungary Today

Hungary’s cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data on Friday. Based on the EU accounting rules, the government expects the deficit to be “around 9 percent” of GDP in 2020.

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featured image: PM Orbán with Finance Minister Mihály Varga (illustration); via MTI/PM’s Press Office/Benkő Vivien Cher