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FinMin gives 2007 deficit as 6.8 percent of GDP.

Europe Intelligence Wire

(From Hungarian News Agency (MTI))

Budapest, October 31 (MTI) - Hungary's finance minister said on Tuesday that Hungary's 2007 public finance deficit had been calculated at 1,753.2 billion forints (about 6.7 billion euros), amounting to 6.9 percent of GDP using cash-flow accounting or 6.8 percent using ESA 95, or European Union calculations.

Speaking at a Budapest news conference Janos Veres said that the budget was focused on gap reduction and responsible spending. The budget was calculated for an inflow of 14,406.1 billion forints …

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