In July the surplus of the central subsystem in the state budget was 80.2 billion forints. Last year, even ignoring the 500 billion-forint block purchase of MOL shares, the surplus for the same period was only around 40 billion forints, therefore a significant development of the budgetary position can be observed.

Macroeconomic analysts have told MTI that this year the Government can achieve its 2.5% deficit target.

In the meantime, one of the main investors in Hungarian bonds is confident: the amount of Hungarian assets held by Franklin Templeton and managed by Michael Hasenstab has increased, according to the Hungarian daily Napi Gazdaság in its review of second quarter portfolio reports.

(Ministry for National Economy)