The preliminary fiscal deficit estimate for 2013 totals HUF 929.2bn, some HUF 200bn below the deficit figure projected in the budget act. Preliminary cash-flow data on revenues and expenditures also confirm expectations that the deficit target, calculated in line with EU methodology, will be below 3 percent of GDP in 2013, while in percentage of GDP it may even be 2.7 percent, or – under auspicious conditions – as low as 2.3 percent.

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(Ministry for National Economy)