Hungary: Budget Posts a Record Deficit in February

2021. március 09.

ING Think

Everything has a price and it seems that the cost of fighting Covid-19 in 2021 has just become even bigger. The Hungarian budget posted a HUF 738.5bn deficit in February 2021, registering the biggest ever monthly shortfall during the second month. Despite starting the year with a surplus, the year-to-date fiscal deficit comes to HUF 539.7bn, sitting at 16% of this year’s deficit goal after just two months.