Notification of balance and debt of the general government sector (2nd EDP notification of 2023)

The deficit of the general government sector in Hungary, in 2022, was HUF 4,126 billion, 6.2% of GDP based on preliminary data of the national accounts. According to data produced in compliance with the methodological requirements of the system of national accounts (ESA 2010), the revenue of the general government sector was HUF 28,145 billion and its expenditure HUF 32,271 billion. Compared to 2021 revenues increased by 23.6% and expenditures by 20.8%.

The debt of the general government sector at the end of 2022 – based on data of the National Bank of Hungary – was HUF 48,834 billion, 73.9% of GDP. Deficit and debt data correspond with those issued in the First Release entitled Balance of general government sector, 1st half of 2023 and 2nd quarter of 2023, published on 3 October 2023.

Figure 1
Balance of general government sector as a percentage of GDP in Hungary
Figure 2
Debt of general government sector as a percentage of GDP in Hungary

HCSO reported the data to Eurostat, the Statistical Office of the EU, in compliance with the Regulation on the excessive deficit procedure (EDP), according to the methodological requirements of the European System of Accounts (ESA 2010).

Further data, information

EDP notification of Hungary
Press release issued by Eurostat
Historical EDP data for Hungary (1995–2018)
Methodology for compilation of EDP notification

Main aggregates of General Government (1995–2022)
Archive of publications

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