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Hungary fin ministry sees Dec budget surplus

Published 12/18/2008, 06:23 AM
Updated 12/18/2008, 06:25 AM

BUDAPEST, Dec 18 (Reuters) - Hungary's budget is expected to post a surplus of 60.9 billion forints ($329.4 million) in December, which will bring the full-year cash-flow deficit slightly below an earlier forecast, the Finance Ministry said on Thursday.

The ministry now projects a cash-flow based deficit of 914.7 billion forints for the full year, excluding local governments, down from an earlier projection for 921.5 billion.

The ministry left its European Union accounting based deficit forecast unchanged at 3.4 percent of gross domestic product (GDP) for this year.

(Reporting by Krisztina Than; Editing by Ron Askew)

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