Statistics Show Public Debt and Budget Deficit Shrinking According to data published by the Central Statistical Office (KSH), the public debt ratio is projected to decrease to 73.5... 2024.04.02.
International Recognition Received for Effective Debt Management Finance Minister Mihály Varga announced on his social media page that Hungary has won the International Financing Review's (IFR) 2023... 2024.02.07.
Economic Analyst Warns against Austerity Measures It would be a mistake to reintroduce austerity measures that have already failed miserably and proven to be ineffective, as... 2024.02.06.
Economy Will Avoid Recession This Year According to Ministry of Finance Report The Hungarian economy will avoid a recession even in the dangerous international environment, and its performance could increase by 1.5... 2023.05.03.
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.
Govt to Strip Extra Profits from Banks, Multinational Companies Prime Minister Viktor Orbán announced setting up a "utility cut protection fund" and a defense fund on Wednesday. In a... 2022.05.25.
Central Bank Governor Calls for Program to Boost Competitiveness The central bank is proposing a two-year "competitiveness program" to restore the economy's "dramatically deteriorated" balance, governor György Matolcsy told... 2022.05.19.
Budget Deficit Reaches Record Level at End-April Hungary's cash flow-based budget deficit, excluding local councils, reached 2,635.6 billion forints (EUR 6.9bn) at the end of April, the... 2022.05.09.
Utility Bill Cuts May Cost State Budget HUF 1,300 billion in 2022 Utility bill cuts may cost HUF 1,300 billion (EUR 3.4 billion) for the Hungarian state, which comes to HUF 320,000... 2022.04.11.
Deficit in First Three Months Already at 73% of Full-Year Target Hungary's cash-flow-based budget deficit, excluding local councils, was 2,309.4 billion forints (EUR 6.15 bn) at the end of March, the... 2022.04.08.
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.
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.
Hungary’s Budget Deficit Exceeds HUF 5,000 Billion for 2021 Hungary's cash flow-based budget deficit, excluding local councils, reached 5,101.5 billion forints (EUR 14.2bn) at the end of December, Hungarian... 2022.01.12.
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.
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.
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.
State Audit Office: State Debt Ratio Target “Achievable” The state debt ratio targeted for this year is achievable based on the data available by November so the debt... 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.
2022 Budapest Budget Deficit Expected at HUF 50 bn The Budapest municipality's 2022 budget is 50 billion forints (EUR 136 million) in the red, and it could only be... 2021.12.15.
