HomePress release - General government deficit and debt - second notification of 2009 - 22nd October 2009.

Press release - General government deficit and debt - second notification of 2009 - 22nd October 2009.

In 2008 the general government deficit of Hungary amounted to HUF 1002.5 billion, 3.8% of GDP according to the preliminary data of national accounts. The deficit increased by HUF 97 billion, 0.4 percentage point of GDP compared to the first estimation published in April 2009. The revision is mainly due to data revision of EU-transfers. The government data were calculated on the legal grounds of the Excessive Deficit Procedure (EDP) in the methodological framework of the European System of Accounts (ESA95) and were reported to Eurostat.

 

According to the figures of the National Bank of Hungary, general government debt amounted to HUF 19 343.7 billion, 72.9% of GDP at the end of 2008.

Further information: