FX.co ★ Hungary Budget Deficit Hits Record High

Hungary’s budget deficit widened to a record HUF 2,311 billion in August 2026, surging from a HUF 239.1 billion shortfall in the same month a year earlier, the Finance Ministry reported. The sharp increase was mainly attributed to the pre-financing of projects supported by the European Union. The ministry expects EU reimbursements for these upfront expenditures to bolster government revenues in December. Adjusted for these pre-financing effects, the August deficit would have been significantly lower, at HUF 124.3 billion.