Hungarian Budget Shortfall Narrows to 76% of Annual Target

Hungary’s budget deficit narrowed to 75.9 percent of the annual target at the end of last month after a surplus in July, the Economy Ministry said.

The shortfall amounted to 437.5 billion forint ($1.96 billion) in January-July this year after the budget booked a surplus of 80.2 billion forint in July, the Budapest-based Economy Ministry said in an e-mailed statement today.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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