The deficit of the general government sector in 2020 was HUF 3,870 billion, 8.1% of GDP based on 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 was HUF 20,775 billion and its expenditure HUF 24,644 billion. Compared to 2019 revenues slightly increased (by 0.2%), expenditures grew by 13%.
The debt of the general government sector at the end of 2020 – based on data of the National Bank of Hungary – was HUF 38,408 billion, 80,4% of GDP. Deficit and debt data correspond with those issued in the first release Balance of general government sector, year 2020 and the 4th quarter of 2020 published on 1 April 2021.
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).
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