Hungary’s budget deficit, excluding local councils, reached 2,604.2 billion forints (EUR 7.2bn) at the end of October, the finance ministry said in a preliminary release of data. The central budget deficit reached 2,140 billion forints, the social insurance funds were 489.9 billion in the red and separate state funds had a 25.7 billion surplus. The deficit has swelled this year because of pandemic defence spending, economic stimulus and pre-financing for European Union-funded projects. The deficit rose from 2,270.3 billion forints at the end of September.
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