The state budget’s deficit reached 794m EUR in February alone!

Hungary’s current account had a 794 million euro deficit in February, widening from a 763 million euro gap in the previous month, preliminary monthly data released by the National Bank of Hungary (NBH) on Thursday show.

Hungary had a 316 million euro trade deficit for the month, the balance of an 660 million euro deficit in trade of goods and a 344 million euro surplus in trade of services.

The primary income balance showed a deficit of 319 million euros, as investors repatriated 428 million euros from direct investments.

Source: MTI