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Government Raises 2022 Deficit Goal

HUNGARY
  • Hungary Sept. YTD Budget Deficit Narrows to HUF2.692t (BBG)
  • Hungary posted a 181 billion forint ($411.09 million) budget surplus in September, the Finance Ministry said on Monday, adding that Prime Minister Viktor Orban's government has lifted the 2022 deficit target to 6.1% of economic output.
  • The September surplus trimmed the shortfall for the first nine months to 2.692 trillion forints, the ministry said.
  • The ministry said some 740 billion forints worth of spending on additional gas purchases from Russia have added 1.2 percentage point to the 2022 budget deficit.

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