News in Brief
Fiscal Council raises no objections to draft budget amendments
The Council said there were “no such fundamental objections that would justify signalling disagreement with regard to the draft amendments” in a resolution.
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News in Brief
Government submits draft budget amendment to Fiscal Council
“The most important task for next year is to protect Hungarian families and jobs, preserve the value of pensions, maintain the utility reduction scheme and guarantee the security of the...
News in Brief
Moody's confirm Hungary’s diversified economy and disciplined fiscal policy support ‘Baa3’ credit rating
Leading ratings agency Moody said in its annual report that Hungary’s diversified economy and disciplined fiscal policy support the country’s ‘Baa3’ credit rating with a stable outlook.
Blog
GDP growth and fiscal discipline mean more tax cuts in Hungary’s 2018 Budget
Back in 2015, the government decided to put the following year’s budget up to vote in the spring session of the Parliament, an important decision to increase predictability and improve...
News in Brief
The goal of Hungary's 2018 budget is for "everyone to be better off"
Prime Minister Viktor Orbán has said that ''the new budget will be the working people's budget" which will include tax cuts and an increased minimum wage.
News in Brief
Hungarian government: Tax cuts, pay rises, better security and increased support for families in 2017
Wage increases will help strengthen the middle class and Hungary’s economy as a whole in the long term
News in Brief
Hungary on course to achieve deficit target of 1.7 percent of GDP
"The modified EU-based deficit target of 1.7 percent looks realistic even reckoning with a run-up in spending related to EU projects in the rest of the year," the Ministry for National Economy has said
Blog
New budget: Hungary scores another fiscal goal in the European cup of financial stability
While Hungary’s national football team continues to surprise at the UEFA European Championship, Hungary surprises in another European competition. For the second year in a row, the country accepted next year’s budget during the spring parliamentary session to build on Hungary’s favorable economic prospects in today’s Europe. Next year’s budget is Hungary’s secret formula to advance on its debt-slashing, GDP growth path.