The deficit of the general government sector was HUF 985 billion, 2.1% of the GDP in 2019 based on the second preliminary data of the national accounts. According to data produced in compliance with the methodological requirements of the system of national accounts (ESA 2010) the revenue of the general government sector amounted to HUF 20,679 billion and its expenditure HUF 21,664 billion. Compared to 2018 revenues increased by 8.9%, expenditures by 8.8%.
The debt of the general government sector – based on data of the National Bank of Hungary – was HUF 31,078 billion, 65.4% of GDP at the end of 2019. Debt data correspond with those presented in the first release published on 1 October 2020.
HCSO reported the data to Eurostat, the Statistical Office of the EU, in compliance with the Regulation on the excessive deficit procedure (EDP), according to the methodological requirements of the European System of Accounts (ESA 2010).