Prime Minister Viktor Orbán delivered an address at the EurAsia Forum. Stressing the urgency of strategic timing and adaptability, the prime minister outlined a vision for Hungary's place in a...
The draft measures will be submitted at a full cabinet meeting in September.
The budget deficit reached 107.8 billion forints for the month of June alone which is the best indicator in 22 years.
Gergely Gulyás said last year both the deficit and the public debt narrowed and the aim is to achieve the same this year.
A happier and more successful year to come: In 2024, we must focus on the internal economy
The cash flow-based budget deficit narrowed to 3,264.9 billion forints (EUR 8.4bn) at the end of September on a surplus of 33.7 billion forints for the month.
With the war in Ukraine and the EU’s misguided sanctions policy driving prices to record highs in Hungary, the government has been drafting plans to tackle inflation.
The EC forecasted Hungary’s annual GDP growth to slow down from 4.6% in 2022 to 0.5% in 2023, and then pick up to 2.8% in 2024.
The foreign minister told a forum of the UN Economic Commission for Europe (UNECE) dealing with sustainable development that dialogue and connectivity are needed.
Gergely Gulyás said Hungary had grown despite “two years of Covid and one of war”.
Minister Varga acknowledged that 2023 will be the “most dangerous year” for Hungary since the change of system, which will require “a reduction of risks and a buildup of reserves”.
Hungary needs to protect its independence and the “pro-peace position against the Biden administration and Brussels," the prime minister said.
Gergely Gulyás mentioned a review of Hungary’s pricing practices as “extremely important” and said the competition authority had relevant powers in the area.