News in Brief
Nagy: Government aims to stimulate growth and achieve fiscal balance at same time
Minister Nagy said putting the budget balance in the black, excluding debt servicing costs, was of "key importance".
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News in Brief
Gulyás: 2025 budget is the 'new economic policy budget'
Wage increases, support for affordable housing, tax allowances and support for families are all part of the 2025 budget.
News in Brief
Finance Minister: 2025 budget to benefit families and businesses
Minister Varga said the three "pillars" of the 2025 budget were boosting Hungarians' purchasing power, ensuring affordable housing and scaling up SMEs with the Demjan Sandor Programme.
News in Brief
Hungary’s budget deficit narrowed to 2,443.3 billion at end of July
The finance ministry affirmed the government’s commitment to improving balance indicators and said the 4.5% GDP deficit target for the year was achievable.
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.
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.
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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.