Thanks to favourable real economic processes, the general government budget deficit-to-GDP ratio of 2.4 percent projected for 2015 is still realistic, as the Government continues to analyse and closely monitor processes, and maintain a prudent fiscal policy, Minister of State for Public Finances Péter Benő Banai said.
The Minister of State stressed that over the coming years the Government is predicting a declining deficit path – in line with the projections of the Convergence Programme and the Outlook of the 2016 Budget which prognosticate a deficit of 2 percent for 2016 and 1.7 percent for 2017.
Péter Benő Banai also said that the Government is to finance disbursements for beneficiaries the funding of which the European Commission has not transferred yet through the issuance of government bonds. The current budget deficit figure is in part a result of these deferred payments, he added.
(Ministry for National Economy)
