Next Year’s Budget Will Finally Dedicate 2% of GDP for Defense The Government has adopted an economic protection action plan: there will be a price cap on electricity in some sectors... 2023.06.19.
“The European Commission Has No Say” in Matters of Domestic Utility Price Caps Finance Minister Mihály Varga (L) and Gergely Gulyás, Minister of the Prime Minister's Office. The Minister of Finance called the... 2023.05.25.
Finance Minister Accuses Budapest Mayor of Squandering Capital’s Resources Mayor of Budapest Gergely Karácsony The Mayor of Budapest, Gergely Karácsony, recently mentioned at an extraordinary press conference that the... 2023.04.21.
European Union Is Interfering in Economic Competition, Claims Finance Minister EU Commissioner Vera Jourová has been at the center of the political attacks against the Hungarian government recently and is... 2023.02.27.
Hungarian Public Debt Down More than Expected Public debt has fallen more than expected, and last year's deficit target has been met, Finance Minister Mihály Varga announced... 2023.01.04.
Public Debt Could Decrease Next Year The draft amendment to next year's budget has been approved by the Fiscal Council, but they also warn of risks,... 2022.12.28.
Hungarian Public Media Budget Cut by Billions Even though Hungarian public media often gets criticized for being pro-government, especially when Western media outlets try to explain the... 2022.10.25.
Parliament Passes 2023 Budget The Hungarian Parliament approved the 2023 central budget on Tuesday with 135 votes in favor and 54 against. In next... 2022.07.20.
What Is Known of the Government’s Budget Adjustment Package So Far Events have gathered pace recently around the government's fiscal adjustment program. On Saturday, the special tax regulations and the general... 2022.06.08.
Press Roundup: Inflation Higher, Growth Rate Lower than Expected Economists across the political spectrum investigate the causes and possible remedies of soaring inflation. Hungarian press roundup by budapost.eu Background information:... 2022.05.02.
Low Utility Tariffs May Cost HUF 2,000 Billion in 2022 Budget Amid the growing prices in the world market, the government's decision to artificially keep utility costs low may cost some... 2022.01.20.
Government Reserves Reach Alarming Low after Huge Year-end Spending Stocks of government deposits at the Central Bank fell significantly once again in December, with reserves dropping to just HUF... 2022.01.19.
Finance Minister: Credit Rating Agencies Upbeat on Hungary’s Economy Hungary ended 2021 with investment grade status from all three major credit rating agencies, Finance Minister Mihály Varga said on... 2022.01.03.
Public Debt Set to Decline, Finance Minister Says Mihály Varga, in an interview with pro-Fidesz daily Magyar Nemzet, said there is a high chance that Hungary's public debt... 2021.12.31.
Press Roundup: Government Makes 350 Billion Forint Budget Readjustment A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other... 2021.12.21.
Stimulus Lifts Budget Deficit to HUF 1,704.5 Bn in June, Ministry Says Hungary's cash flow-based budget deficit, excluding local councils, reached 1,704.5 billion forints (EUR 4.8bn) at the end of June, widening... 2021.07.24.
