Macro Analysis /
Hungary

Hungary: Budget deficit falls by 16.7% y/y to HUF 1,803.7bn in Jan-Jul

    EmergingMarketWatch
    19 August 2021
    • Revenues increase strongly on economic recovery, low base while spending remains contained
    • EU fund revenue likely to remain drag on budget, in our view
    • Spending composition shows some fiscal restraint to offset economic support measures, in our view