News in Brief
Hungary’s cash flow-based budget balance reached 2,896 billion HUF in June
The finance ministry noted that expenditures related to the regulated utility price scheme for households came to 969.2 billion forints by the end of June.
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News in Brief
Government to submit 2024 draft budget to parliament on May 30
The Hungarian government is keeping to its practice of submitting the budget bill during parliament’s spring session.
News in Brief
Finance Minister: Budget is on a stable footing
The finance minister said Hungary's financing needs can be met next year and the budget is on a stable footing.
News in Brief
Hungary’s 2023 draft budget is to be submitted to parliament in June
The draft budget calculates with a GDP of HUF 68,000 billion (EUR 175.4bn) and has a headline number of around HUF 26,000 billion.
News in Brief
Amended budget to focus on relaunching economy
Gergely Gulyás has announced that the amended budget for this year and the 2022 budget would focus on relaunching the economy.
News in Brief
Hungary’s budget is expected to post a shortfall of 7-9 percent of GDP in 2020
Although the economic fallout due to the coronavirus epidemic was not as serious as that in the rest of the EU, Hungary’s economy shrank by 13.6 percent in the second quarter of 2020.
Blog
2021 budget: It’s about protecting the economy and more
According to the finance minister, the 2021 budget is all about securing support for families, respecting pensioners and preserving and creating jobs. And it’s set to do all of this, and more, despite the epidemiological crisis.
News in Brief
Coronavirus Update: Government allocates over HUF 8 billion for the response to the coronavirus outbreak
The Hungarian government is providing all support possible to ensure all protective measures are in place.
News in Brief
Budapest Assembly adopts the municipality’s 2020 budget
Revenue is set at just over HUF 284 billion (EUR 839m) while spending is a little above HUF 408 billion.
News in Brief
Finance Minister: Hungary's government could draft a budget without a deficit by 2023
Mihály Varga said he is a believer that there will be a break-even budget – one that doesn’t cause a deficit — by 2022 or 2023 at the latest.
News in Brief
Hungarian government to spend 645 billion HUF more on education next year than in 2010
Gergely Gulyás said the government was carrying out the biggest school development program of the past thirty years, with 110 billion HUF of European Union funding combined with 46 billion HUF of state support.
Blog
Hungary’s 2020 Budget: families, families and families
Among all budget lines, it's support to families that will see the largest increase in the 2020 budget year.
News in Brief
The 2019 budget approved by parliament on Friday is a sign of progress, says state secretary
The government has allocated more funding for priority areas and aims for a strong country with a growing economy, while ensuring security, which is required for sustainable growth