Budget Deficit 8.1 % of GDP in 2020

Hungary’s budget ran a 3,870 billion forint (EUR 10.7bn) deficit last year, equivalent to 8.1 percent of GDP, data released by the Central Statistical Office (KSH) on Thursday show.
KSH noted that Hungary’s public debt as a percentage of GDP reached 80.4 percent at the end of 2020, citing data compiled by the National Bank of Hungary (NBH). In absolute terms, public debt stood at 38,408 billion forints.
Budget revenue rose by 0.2 percent to 20,775 billion forints for the year. Expenditures were up 13.4 percent …
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Budget Deficit 8.1 % of GDP in 2020

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