Gov’t Sector Deficit Reaches to Almost 4% of GDP in Q1-Q3 Hungary's government sector deficit reached 1,570 billion forints (EUR 4.3bn) in Q1-Q3, equivalent to 3.9 percent of GDP, preliminary data... 2022.01.04.
Gov’t to Postpone Projects and Increase Reserves The government has decided to postpone some development projects and increase the central budget's 2021 reserves by a total 350... 2021.12.11.
Hungary Budget Deficit Grows by HUF 1,000 Billion in a Month Hungary's cash-flow-based budget deficit, excluding local councils, was 3,931.3 billion forints (EUR 10.7bn) at the end of November, the finance... 2021.12.10.
OECD Forecasts Hungary’s Growth Slowing to 5 % in 2022 The OECD projects Hungary's economic growth slowing to 5 percent in 2022 from 6.9 pc this year. Also, inflation would... 2021.12.01.
Finance Minister Projects 7% GDP Growth for 2021 Thanks to the high inoculation rate, the fourth wave of the coronavirus pandemic is expected to be relatively weak in... 2021.10.19.
Finance Minister: Looser Fiscal Policy Affords Flexibility The Orbán government's raised budget deficit targets for the coming years, prompted by the continuously changing global environment and the... 2021.05.10.
Gov’t Planning Large Deficit for 2022 Election Year Faces Criticism The government submitted the 2022 budget draft on Tuesday with the plan to reduce the budget deficit to 5.9% of... 2021.05.05.
Finance Ministry Submits Budget Amendment to Parliament The finance ministry on Tuesday submitted to parliament the amendment to the 2021 budget on continued allocation of funds for... 2021.04.21.
Fiscal Council: 2021 Budget Deficit Target Needs to Be Raised Hungary's Fiscal Council noted on Thursday the deficit target in the 2021 budget would have to be raised. The government... 2021.04.16.
Govt Official: Pandemic to Determine 2021, 2022 Budget Hungary's budget for 2021 and 2022 is expected to be determined by coronavirus spending, a government official told pro-government daily... 2021.03.25.
Mayor Karácsony: Budapest Submits 2021 ‘Budget of Survival’ The Budapest municipality has prepared and submitted its 2021 "budget of survival", designed to face "the challenges all local governments... 2020.12.10.
Finance Ministry: Gradual Turnaround Expected Next Year The government expects the economy to start recovering next year, with growth of above 4 percent and a budget deficit... 2020.08.25.
State Secy: Armed Forces Budget Increases to Record-Breaking HUF 778 Bn in 2021 The budget of the Hungarian Armed Forces has been raised by 30 percent to a record-breaking 778 billion forints (EUR... 2020.07.08.
Karácsony and Other Mayors Protest Budget Cuts Budapest Mayor Gergely Karácsony and opposition and independent mayors from around Hungary protested on Friday budget cuts affecting municipalities and... 2020.07.03.
Parliament Approves 2021 Budget Lawmakers approved the government's 2021 budget on Friday. The finance minister said the budget was dedicated to economic protection, maintaining... 2020.07.03.
Orbán: Increased Migration Threatens Hungary’s Health-care Situation, Safety, Culture Hungary could emerge stronger from the crisis caused by the novel coronavirus epidemic, Prime Minister Viktor Orbán said on Friday.... 2020.07.03.
LMP Condemns Govt, Critical of Opposition in Assessment of Parlt Spring Session Assessing Parliament's spring session, opposition LMP on Monday condemned the government and also voiced criticism of the opposition. "We mustn't... 2020.06.29.
Parliament to Vote on 2021 Budget Lawmakers are expected to vote on the 2021 budget on 3rd July, at the end of a four-day session starting... 2020.06.29.
Karácsony: Budapest Risks Becoming Unlivable without ‘Redesign’ Budapest cannot go back to the "bad decisions" that led to the current health and economic crises, Gergely Karácsony, the... 2020.06.25.
Opposition Complains Mayors, Union Leaders Not given Chance to Speak at Budget Cttee Meeting Parliamentary opposition groups have issued a joint protest over the blocking of invited mayors and trade union leaders from commenting... 2020.06.17.
Opposition to Submit Joint Amendment Proposals to 2021 Budget Bill Hungary's opposition parliamentary parties on Monday said they will submit joint amendment proposals to the 2021 budget bill. The proposals... 2020.06.16.
