It would be vital not to surpass the predicted deficit of Hungary for this year because so far the results are very poor, this is the essence of the recent report of Fitch International Ratings Agency.On the list of ratings Hungary is the only member state of the European Union which received a negative rating of its state debts. According to international analysts the credibility of the Hungarian budget policy is at stake.
On Wednesday the Ministry of Finance published the data of the first half a year of the state budget. Its deficit was HUF 1040 billion, so 87 pc of the predicted budget deficit has been achived by the end of June. Experts claim the prediction cannot be kept without further restrictions. Jens Nordvig, an analyst of Goldman Sachs finds a 5 pc deficit more real than the official prediction of 4,6 pc.
Translated by Péter Szentmihályi Szabó
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