Hungary's Q4 current account balance EUR -4.336 bln, full-year deficit soars

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, March 28 (Reuters) - Hungary posted a current account deficit HUCAQ=ECI worth 4.336 billion euros ($4.69 billion) in the fourth quarter, bringing the full-year deficit to as much as 13.724 billion euros, central bank data showed on Tuesday. That compares with a full-year C/A gap of 6.252 billion euros in 2021. The trade deficit surged to 14.9 billion euros last year as energy import costs soared. The fourth-quarter current account deficit narrowed slightly from a revised 4.539-billion-euro gap in the third quarter. ($1 = 0.9246 euros) (Reporting by Krisztina Than)

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