Hungary: Public Deficit Declines

Politics ♦ Published: January 3, 2013; 12:11 ♦ (Vindobona)

The deficit of the general government sector fell by 3.1 percentage points in the 3rd quarter of 2012.

Hungary: Public Deficit Declines / Picture: © Vindobona.org

The deficit of the general government sector in the first three quarters of 2012 was HUF 375 billion, 1.8% of GDP, which was HUF 639 billion lower, or 3.1 percentage points less as a proportion of GDP compared to the deficit – calculated without the transfer of wealth of private pension funds to the state budget – in the same period of the previous year. The deficit, much…