Government finance
Government finances offer important information regarding the economic status of a country, within it about the general government sector. As a main rule in the European Union member countries the government sector deficit may be 3% of the GDP at most; government debt ratio maximum 60% of the deficit. In case these conditions - the conditions for introducing the Euro also - are not met by a member state the excessive deficit procedure is launched against that state. Statistics regarding the government sector offer, beside deficit and debt related data, information about sums of revenue and expenditure as well as about their content.
Key figures
Balance of the general government sector in proportion of GDP
Indicator description
Changes in total revenues of organisations classified into the general government sector compared to the same period of the previous year, in a given quarter.
Source of data:
Summary Tables (STADAT)
Last data for period: Q3 2023
Changes in the revenues of the general government sector
Indicator description
Changes in total revenues of organisations classified into the general government sector compared to the same period of the previous year. We calculate the index based on current HUF-base data.
Source of data:
Summary Tables (STADAT)
Last data for period: Q3 2023
Changes of the government sector expenditures
Indicator description
Changes in total expenditures of organisations classified into the general government sector compared to the same period of the previous year. We calculate the index based on current HUF-base data.
Source of data:
Summary Tables (STADAT)
Last data for period: Q3 2023
Featured
Quarterly non-financial sector accounts, 3rd quarter 2023
Hungary's GDP reached HUF 19,088 billion in the 3rd quarter of 2023. Solely the sector made up by households and non-profit institutions serving households (NPISHs) was a net lender, while the other sectors stood in a net borrowing position in the indicated period. The gross saving rate of households and NPISHs came to 23% and their gross investment rate to 7.8%. The gross profit share of non-financial corporations reached 46% and their gross investment rate 30%.
Hungary, quarters 1-3 of 2023 – On the path of disinflation
The GDP volume lagged behind the same period of the previous year’s level by 1.2% in the 1-3 quarters of 2023, however the fact that the 3rd quarter’s economic performance outperformed the previous quarter by 0.9% signals the end of recession. The setback of domestic consumption is the cause of the 1-3 quarters’ decrease, while the balance of the external trade improved significantly. The inflation growth rate continuously slowed down following its January peak, as a result real wages, after a year-long setback, started to grow once again in September.
The deficit as a proportion of GDP was 3.7% in the 3rd quarter and 5.4% in the first three quarters, Balance of general government sector, 3rd quarter of 2023 and 1st–3rd quarters of 2023
According to preliminary data the deficit as a proportion of GDP was 3.7% in the 3rd quarter, improving by HUF 264 billion, or by 2 percentage points compared to the previous year, and represents 5.4% in the first three quarters, being a deterioration of HUF 1,363 billion, or 2.1 percentage points as a proportion of GDP, compared to the same period of the previous year.
Statistical Yearbook of Hungary, 2022
Tens of thousands of data of the approximately 500 tables, graphs and maps offer an overview of Hungary’s demographic, social and economic processes, its environmental specifics and their timely changes. Unemployment in the 15–74 age group decreased year-on-year, being 3.6% in 2022. We amass this year commercial, private and other accommodation establishments in one unit, a novelty approach of our publication, providing a better picture about tourist traffic. Tourism nights at accommodation establishments were 39 million 821 thousand in 2022.
Notification of balance and debt of the general government sector (second EDP notification in 2023)
The deficit of the general government sector in Hungary, in 2022, was HUF 4,126 billion, 6.2% of GDP based on preliminary data of the national accounts. The debt of the general government sector at the end of 2022 – based on data of the National Bank of Hungary – was HUF 48,834 billion, 73.9% of GDP.
Related themes
Methodological information
Publications |
Released |
---|---|
Hungary, quarters 1-3 of 2023 – On the path of disinflation | 10/01/2024 |
Regional Statistical Yearbook of Hungary, 2022 | 17/01/2024 |
Notification of balance and debt of the general government sector (second EDP notification in 2023) | 24/10/2023 |
Hungary, 1st semester of 2023 – disinflation started | 19/10/2023 |
Statistical Yearbook of Hungary, 2022 | 23/11/2023 |
Hungary, 2023 Q1 | 30/08/2023 |
Statistical Pocketbook of Hungary, 2022 | 14/06/2023 |
Hungary, 2022 | 28/06/2023 |
Hungary in figures, 2022 | 11/07/2023 |
Notification of balance and debt of the general government sector (first EDP notification in 2023) | 21/04/2023 |
Hungary, Quarter 3 2022 | 06/02/2023 |
Regional Statistical Yearbook of Hungary, 2021 | 10/01/2023 |
Release and revision calendarPublication repertory