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HomeEconomyHungary's Budget Deficit Widens in June

Hungary’s Budget Deficit Widens in June

Hungary’s budget deficit widened by 132.7 billion forints in June to reach 2.896 trillion forints ($8.27 billion) in the first half of the year, boosted by soaring energy subsidies and pension hikes, the Finance Ministry said on Monday.

The ministry said in a statement that energy subsidies alone totalled about 969 billion forints in the first six months. ($1 = 350.2 forints)

Source : ZAWYA

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