PM: the government is again keeping the level of the deficit on a moderate path

By the end of August, the central subsystem of public finances closed with a deficit of HUF 2,857.7 billion. Within this, the central budget showed a HUF 2,862.1 billion deficit, the segregated state funds showed a HUF 172.8 billion surplus, and the social security financial funds showed a HUF 168.4 billion deficit.

In August – in one month – the central subsystem closed with a deficit of HUF 414.3 billion.

The report highlighted that the data for August is overshadowed by the seasonality of tax revenues, especially VAT revenues, which means that less revenue comes into the budget at that time. In addition, the government spent more on the payment of the double family allowance and the development of public roads and public transport than in the same period last year.

The amounts spent on retirement benefits and curative-preventive care exceed the payment made a year earlier. We spent HUF 4,281.8 billion on respite care and HUF 1,781.6 billion on curative and preventive care in the first eight months of the year, the PM wrote.