The Hungarian Government Makes Almost 10% Cutback to 2022 Budget Spending The government decided to make a readjustment of 10 percent - nearly HUF 568 billion - in the 2022 budget... 2022.07.12.
Finance Minister: Budget Needs to Be Amended to Maintain Deficit Target The government will continue to improve budgetary balance, and expects to have budget deficit down at 4.9 percent and state... 2022.05.19.
The Greatest Economic Challenges of the Fifth Orbán Government Now that Viktor Orbán’s Fidesz-KDNP alliance has been elected for the fourth time in a row, the question arises of... 2022.04.04.
Orbán Gov’t Pledges Pension Hikes if Inflation Rises The government will increase pension payments during the year if the war in Ukraine drives Hungary's inflation higher than expected,... 2022.03.30.
Hungary’s Budget Deficit Reaches Record High amid Russia-Ukraine War The Orbán government accumulated a HUF 1,585 bn (EUR 4.3 bn) deficit in the month of February, Hungary’s biggest February,... 2022.03.30.
Central Bank Head Matolcsy Calls for Budget to be Brought Back to Balanced Path To curb inflation, the central budget should once again be put on a balanced course and the government must double... 2022.01.25.
Opposition Parties Promise Public Debt Reduction without Austerity Politicians of opposition Jobbik, Momentum, and Párbeszéd told a joint press conference on Monday that they would reduce public debt... 2022.01.11.
Finance Minister: Gov’t Running ‘Disciplined Budget’ Hungary's government is running a disciplined, tight budget, Mihály Varga, the finance minister, said in an interview to public radio... 2022.01.10.
Press Roundup: Conflicting Takes on the State of the Hungarian Economy A left-wing commentator describes welfare measures introduced barely three months before the next parliamentary elections as a desperate attempt by... 2022.01.03.
Central Bank Head Matolcsy: Monetary Tightening to Continue in 2022 The cycle of interest rate raises started in June will continue in 2022, as long as it is necessary to... 2021.12.27.
Finance Ministry Announces HUF 755 bn Expenditure Cut for 2022 Budget On Wednesday, the Ministry of Finance announced that Hungary’s lower-than-planned deficit target of the 2022 budget will be guaranteed by... 2021.12.23.
FinMin Expects 5% GDP Growth, 4.9% Budget Deficit in 2022 The finance ministry is calculating with a GDP growth over 5 percent next year, making it possible to reduce the... 2021.12.17.
Budapest Assembly Accepts 2022 Budget The Budapest Assembly accepted the municipality's 2022 budget on Wednesday, forecasting just over 297 billion forints (EUR 809 million) in... 2021.12.16.
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.
Press Roundup: Weeklies on the Possible Outcome of Next Year’s Parliamentary Elections Weekly newspapers and magazines study the prospects of opposition parties in the Hungarian parliamentary elections due in just under six... 2021.11.08.
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.
Press Roundup: Crossfire of Accusations of Demagoguery A pro-government commentator interprets Budapest Mayor Karácsony’s threat to veto the Budapest Athletics Championship as a demagogic stunt. A liberal... 2021.08.30.
