News in Brief
Finance Minister: 2024 budget submitted to Parliament
The finance minister said Hungary required a budget that guaranteed the country’s security, protected families, pensions, jobs, and cheaper household energy bills.
2024 budget
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News in Brief
Finance Minister: Aim of 2024 budget is to protect Hungary's security, families, pensions, jobs and utility price caps
The draft budget calculates a 4% economic growth and a deficit of 2.9% of GDP. State debt is expected to go down to 66.7%, and inflation to an annual 6%.
News in Brief
Government submits 2024 draft budget to Fiscal Council
Despite the challenging circumstances, the government’s aim is to return to a higher growth path of around 4% next year with disciplined fiscal management while curbing inflation to 6%.