ÁSZ: economic processes are favorable to, but delays in EU funds pose a risk

Macroeconomic developments were favorable in the first half of the year, however, the delay in the arrival of EU funds and the over-spending of budgetary institutions pose risks – the State Audit Office (ÁSZ) assessed in its first half-year assessment on the budget process.

In addition to the favorable fiscal developments in the first half of the year, the central government’s central bank’s cash flow deficit was 1420.5 billion HUF, which was 4.4 percent higher than the planned deficit for the whole year and 740.4 billion HUF more than the pro rata ratio. However, EU funds are out of time with a higher amount, with almost 800 billion HUF. (MTI)