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Stimulus Lifts Budget Deficit to HuF 1,803.7 BN in July

Hungary’s cash flow-based budget deficit, excluding local councils, reached 1,803.7 billion forints (EUR 5.09bn) at the end of July, widening on stimulus measures, the Finance Ministry said in a preliminary release of data on Monday. “Recent measures aimed to support investments, job creation and families have left significant resources in the economy,” the ministry said.