Deficit

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News in Brief

Improving competitiveness is the key to Hungary's success

Hungarian state debt will continue to decline this year and the budget deficit will be below the 2 percent of gross domestic product (GDP) earlier expected. Economic growth is expected to reach 2.5-3 percent in 2016

Nov 3, 2016
News in Brief

Hungary doesn't need Italy's money

Italy has demanded tough treatment of Eastern European countries, including Hungary, that refuse to accept migrants under the EU’s relocation scheme

Nov 1, 2016
Blog

Hungary’s 2017 Budget: More Stability, Deeper Tax Cuts

The Hungarian Minister for National Economy Mihály Varga presented Hungary’s 2017 budget plan on Tuesday. The core message signals predictability and stability to investors, while maintaining the government’s popular “one step ahead” policy, especially for families. The budget plans for 3.1 percent GDP growth, a falling debt-to-GDP ratio and a deficit of 2.4 percent.

Apr 18, 2016 - Zoltán Kovács
Blog

‘We don’t like to live off of other peoples’ money’

Yes, the loan is paid off. Commenting last week on the good news, Prime Minister Orbán said that “Every Hungarian family has a good reason to open a good bottle of red wine tonight and drink to the health of the country because yesterday we succeeded in settling the old debt that the previous government took on in 2008."

Apr 12, 2016 - Zoltán Kovács