Finance Minister Mihály Varga said the government has saved HUF 755 billion by postponing several public investments, allowing it to lower its 2022 budget deficit target to 4.9 percent of GDP from 5.9 percent and continue reducing the public debt. Hungary’s budget also has the resources to cover measures such as family tax rebates, the 13-month pension, personal income tax exemptions for those under 25 and wage increases, he said.
Photo credit: Facebook/Varga Mihály