BUDAPEST: Hungary's 2018 budget deficit widened by 345.3 billion forints ($1.36 billion) to 871.9 billion forints in March, the Economy Ministry said on Monday, affirming its 2.4 percent of gross domestic product full-year deficit target.

The gap was widened by the financing of European Union-sponsored projects as well as spending on urban development projects, the ministry said. It said one-off pre-election food vouchers provided to pensioners also lifted the deficit.

Revenues from value-added and personal income tax rose compared with the first quarter of 2017, it said.

 

Copyright Reuters, 2018

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