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By Tamas Csonka in Budapest Hungary’s cash flow-based general government deficit reached HUF4.6 trillion (€12.3bn) at the end of December, which is HUF400bn (€1.06bn) above the revised target and HUF2.2 trillion above the initial targets in the 2023 budget law, but slightly below the 2022 figure. In terms of GDP, this means that the deficit has dropped from 6.2% in 2022 to 5.9%. The 2023 budget law initially projected a 3.5% shortfall, which was revised to 5.2% in October. The budget shortfall rose by HUF520bn in December, according to preliminary figures by the finance ministry. Revenue from …

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