Budget Deficit 8.1 % of GDP in 2020 Hungary's budget ran a 3,870 billion forint (EUR 10.7bn) deficit last year, equivalent to 8.1 percent of GDP, data released... 2021.04.01.
Finance Minister: Global Economic Downturn More Severe This Year than in 2008 The management of Hungary's public debt is stable and based on several pillars, Mihály Varga, the finance minister, said in... 2020.12.15.
Finance Minister: GDP Could Be Down by 6.4% in 2020 The GDP of Hungary could fall by 6.4 percent this year and economic trends could start to change from the... 2020.10.27.
IMF Significantly Downgrades Growth Prediction for Hungary The International Monetary Fund now projects that Hungary's economy will contract by 6.1% this year, while it forecasts 3.9% growth... 2020.10.14.
Finance Ministry Now Forecasts 7-9% Budget Deficit for 2020 Hungary's budget is expected to post a shortfall of 7-9 percent of GDP in 2020, in view of the slower-than-expected... 2020.08.24.
Budget Deficit Reaches HUF 2,165 Billion at end-July Hungary's budget deficit, excluding local councils, reached 2,165 billion forints (EUR 6.3bn) at the end of July, widened by pandemic... 2020.08.07.
Budget Running Out of Unemployment Funds as Effect of Coronavirus After having spent 83.2% of the provisional annual sum of unemployment benefits in less than half a year, the government... 2020.07.28.
Pandemic Causes Second Largest Monthly Budget Deficit in History As a result of the pandemic, the budget deficit for June reached HUF 785.5 billion (EUR 2.2 bn) – the... 2020.07.10.
Coronavirus: Gov’t Doubles Allocation for Investment Support Scheme for Hungarian Companies The government will double the original allocation of 50 billion forints (EUR 142m) for an investment support scheme which helps... 2020.05.14.
Coronavirus: Párbeszéd Calls on Gov’t to Increase Spending on Social Measures The opposition Párbeszéd party on Wednesday called on the government to increase spending on its coronavirus response efforts, especially social... 2020.05.13.
Coronavirus – Gov’t: HUF 600 Billion Spent on Prevention So Far Up to now, the government has spent a total 600 billion forints (EUR 1.7bn) on preventive measures with regard to... 2020.05.12.
Coronavirus – Orbán: Focus of Crisis Management on Job Creation Prime Minister Viktor Orbán on Monday morning met officials of the finance ministry and its agencies to discuss this year's... 2020.05.11.
Budget Deficit HUF 727 Billion at end-April Hungary's cash-flow-based budget, excluding local councils, posted a four-month deficit of 727.4 billion forints at the end of April, having... 2020.05.08.
PMO Head on Coronavirus Equipment Buying: ‘It’s a dog-eat-dog world, contracts or down payments are often not enough’ The government will only be able to account for the protective gear it has procured once the equipment is delivered,... 2020.04.16.
High Budget Deficit in March due to Coronavirus Measures Hungary's cash flow-based budget deficit, excluding local councils, reached 831.9 billion forints (EUR 2.3bn) at the end of March, swelling... 2020.04.08.
Coronavirus – Finance Minister: Hungary to Plough 20% of GDP into Protection Efforts Hungary is ploughing 20 percent of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga said... 2020.04.08.
Hungarian Press Roundup: Economists Suggest Broad Rescue Spending As the government is already spending hundreds of billions to blunt the impact of the coronavirus outbreak on welfare, financial... 2020.04.07.
Coronavirus: Hungary Revises 2020 Deficit Target to 2.9% of GDP Hungary now targets its 2020 budget deficit, calculated according to the European Union's accrual-based accounting standards, at 2.9 percent of... 2020.04.02.
Coronavirus – Orbán: Budget 2020 Needs Radical Restructuring This year's central budget must be radically restructured in order to manage the crisis caused by the coronavirus outbreak and... 2020.03.30.
Coronavirus: Gov’t Has Spent HUF 245 Billion so far on Measures, says Finance Minister The government so far has spent 245 billion forints (EUR 692m) of budget resources on measures in connection with the... 2020.03.27.
Orbán on Coronavirus: Human Life Priority, No Financial Restrictions to Emergency Measures Speaking of government measures to rein in the 'incalculable' impact of the new coronavirus outbreak, Prime Minister Viktor Orbán said... 2020.03.13.
