Hungary's Feb budget deficit swells on pension hikes

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, March 8 (Reuters) - Hungary posted a budget deficit worth 1,381.5 billion forints ($3.82 billion) in February, widening the shortfall to 1,525.1 billion forints in the first two months, the Finance Ministry said on Wednesday. The ministry said it would aim to reduce the budget deficit to 3.9% of gross domestic product this year. It said pension spending jumped by 274.8 billion forints, or 27.4%, from February 2022, due to pension hikes. ($1 = 361.4100 forints) (Reporting by Krisztina Than)

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