The government sector balance was close to zero again in January-September 2018

HUNGARY - In Brief 03 Jan 2019 by Istvan Racz

KSH reported the government sector balance, by ESA-2010, i.e. on accrual basis, at a deficit of 0.4% of GDP for the first three quarters of 2018. This was in fact almost the same number as the 0.6% of GDP actual recorded in January-September 2017. The message is that government finances have indeed weathered out the election campaign in a fundamentally healthy state. Of course, an important footnote must be here that this was only possible because of the EU's generous contribution in the form of providing development grants, but even so, the achievement is clearly there. Q3 saw fundamentall...

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