Prime Minister Viktor Orbán said Hungary's economy is expanding at a rate 50 percent over the European Union average, but it needs to grow even faster.
PM Orbán told lawmakers in parliament on Monday at the start of the autumn session that Hungary's financial position was "untroubled".
He noted that Hungary's 24.5pc investment rate put it in fourth place in the EU, but said the top spot should be the goal. He added that 4,740,000 people were working in Hungary, while the average wage had climbed by 14pc, or 9.4pc adjusted for inflation, in the past year.
He acknowledged that state debt stood around 75pc of GDP, but reaffirmed the 50pc target. He said the budget was "doing well in pro rata terms" to achieve the 4.5pc-of-GDP deficit target.