State budget posts 9.5 billion crown deficit in May

The state budget showed a 9.5 billion crown gap at the end of May, posting a deficit for the first time since the beginning of this year, while in April it showed a surplus of almost 27 billion, the Finance Ministry said on Monday. The figure is nevertheless the best May result since at least 2000, the ministry said. In May of last year, the budget showed a deficit of nearly 40 billion crowns. The budget approved for the entire year envisages a deficit of 112 billion crowns.