Subscribe to our social channels to get the latest news about Hungary!
This is why the government postponed to buy Budapest Airport
Change language:
The state debt ratio targeted for this year is achievable based on the data available by November so the debt rule stipulated by the constitution can also be met, the State Audit Office (ÁSZ) said in an analysis published on Wednesday.
The economy moved along a growth path in the first nine months of this year, which had a positive impact on the state debt ratio, the analysts said. ÁSZ noted that the government
postponed investments worth 350 billion forints (EUR 951m) planned this year to strengthen fiscal resilience in order to meet the deficit target.
One of the project the government had to postpone was buying Budapest Airport.
Central budget revenue targets from VAT, personal income tax and corporate tax were met to a favourable extent by November. At the same time, the cash flow-based budget deficit was unfavourable, ÁSZ said, partly due to the fact that the central budget had to pre-finance more European Union-funded expenditures than planned.