Romania’s general government deficit is also lower than expected, with Hungary breaking a record at all
The increase in the deficit was 0.42 percentage points related to August. In absolute terms, the deficit was 44.2 billion lei (3232.65 billion forints), writes MTI.
General government revenues rose to 18, 270.36 billion lei, which can be explained by the fact that the economy recovered, so businesses were able to pay taxes as in 2020.
General government expenditure rose 6.7 to 314.5 billion lei compared to last year. Public wages also include staff spending of 2.2 percent and social spending, which includes pensions, at 7.5 percent.
The Romanian government expected a consolidated government deficit of 7.13 percent of GDP this year after 9.79 percent last year.
In Hungary, in the first nine months of 2021, the central subsystem of general government closed with a deficit of HUF 2,292.0 billion, of which the central budget had a deficit of HUF 2,066.7 billion, the social security funds had a deficit of HUF 253.9 billion, and the aggregate public funds had a surplus of HUF 28.6 billion. achieved. In September, the central subsystem of Hungarian public finances brought in a minus HUF 391 billion, the largest September deficit ever.