Government Stands Firm against EU’s Proposal to Cut Benefits for Families Gergely Gulyás, the Minister heading the Prime Minister's Office The government will set up a "Public Expenditure Review Task Force"... 2023.07.06.
Domestic Economy Will Avoid Recession This Year The Hungarian economy will avoid recession this year despite the ongoing war and Brussels sanctions and could return to a... 2023.05.17.
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.
After Initial Tightening of Tax-Rules, Finance Ministry to Support Enterprises It would be particularly worthwhile for performers to opt for the EKHO type contributions from September 1st, the Finance Ministry... 2022.08.10.
PM’s Office Department Head Arrested on Suspicion of Corruption A head of department at the Ministry of the Prime Minister's Office has been arrested on suspicion of corruption. According... 2022.05.09.
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.
FinMin: Economy Still on Growth Path, With Deficit, Debt Shrinking The next four years are likely to see high growth coupled with a gradual tapering in public debt and budget... 2022.04.30.
Finance Ministry Employees Arrested on Charges of Accepting Bribes The investigative body of the public prosecutor's office has arrested three employees of the finance ministry on the charge of... 2022.04.21.
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.
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.
Finance Minister: Fitch Sees Successful Relaunch of Hungary’s Economy The relaunch of Hungary's economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary's credit rating,... 2022.01.29.
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.
Finance Minister Commends Swiss Companies’ Contribution to Economy Finance Minister Mihály Varga has met with his Swiss counterpart Ueli Maurer in Bern, the Finance Ministry said on Friday.... 2022.01.22.
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 Ministry Targets 5.9% Economic Growth Next Year The finance ministry says it expects the economy will grow by 5.9 percent next year. The 2022 budget law targets... 2021.12.29.
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.
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.
Finance Ministry Lowers 2021 GDP Forecast to 6.8% The finance ministry has lowered its projection for GDP growth this year to 6.8 percent against the backdrop of higher... 2021.11.04.
Finance Ministry Welcomes S+P’s Affirmation of Hungary’s ‘BBB’ Rating The finance ministry has welcomed S+P Global Ratings' affirmation of Hungary's 'BBB' sovereign rating with a stable outlook, calling it... 2021.08.14.
Finance Minister: Brussels ‘Could Not Thwart’ Hungarian Economy Brussels "could not thwart the Hungarian economy even if it wanted to", Finance Minister Mihály Varga said in an interview... 2021.07.12.
Hungary Budget Deficit Already at 88% of Original Annual Plan Hungary's cash flow-based budget deficit, excluding local councils, reached 1,312.6 billion forints (EUR 3.76bn) at the end of May, widening... 2021.06.24.
