The budget ran a 101.3 billion forint (EUR 248.3m) surplus in October, the finance ministry confirmed in a detailed reading of data released on Wednesday.
The monthly surplus brought the January-October deficit to 2,590.4 billion forints. The central budget deficit was 2,683.9 billion forints at the end of October. The social security funds were 195.7 billion in the red, while the separate state funds had a surplus of 289.2 billion forints. The full-year cash flow-based budget deficit target is 3,152.7 billion forints.
The ministry noted that the government has ordered 鈥渄isciplined鈥� fiscal management at budget-funded institutions in an effort to make savings. 鈥淭hanks to those measures, the budget closed October with a surplus of over 100 billion, as it did in September,鈥� it added. 鈥淭he resources necessary to maintain regulated utility prices, a secure energy supply, and family subsidies as well as to preserve the value of pensions are at hand,鈥� it added. Revenue from taxes and contributions rose by 17.1% in January-October from the same period a year earlier, the ministry said.
hungarymatters.hu
pixabay
