Hungary's budget posts 107.8 bln forint deficit in June
BUDAPEST, July 8 (Reuters) -Hungary's budget HUDEF=ECI posted a 107.8 billion forint ($296.97 million) deficit in June, the Finance Ministry said on Monday, widening the January-June shortfall to 2.656 trillion forints.
The ministry said expenditures were boosted by higher debt servicing cost due to a change in interest payments on retail bonds. Pensions payments and healthcare expenditure were also higher than this time last year, the ministry added.
The ministry said a strengtening economy would help meet the the full-year deficit target of 4.5% of gross domestic product.
($1 = 363.0000 forints)
Reporting by Anita Komuves and Boldizsar Gyori
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