Bloomberg News

EU Raises Hungary Budget Deficit Forecast, Portfolio.hu Says

March 09, 2012

The European Commission increased its forecast for Hungary’s budget deficit this year and next, news website portfolio.hu reported, citing a commission document.

The European Union’s executive arm raised the forecast for the 2012 budget gap to 3 percent of gross domestic product from 2.75 percent and the projection for 2013 to 3.6 percent from 3.25 percent, portfolio.hu said late yesterday.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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