News in Brief
Fiscal Council: Budget amendment bill submitted to parliament is credible
The Fiscal Council said on its website that Hungary’s ESA deficit ratio is set to grow to 3.9% from 3.5%.
Fiscal Stability
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News in Brief
Government submits draft budget amendment to Fiscal Council
“The most important task for next year is to protect Hungarian families and jobs, preserve the value of pensions, maintain the utility reduction scheme and guarantee the security of the...
News in Brief
Finance Minister: Problem of high energy prices is not singular to Hungary
The finance minister said high energy prices are tipping all European economies towards recession.
Blog
Hungary’s new budget serves stability and security, while the upcoming EU budget would regroup funds from poorer states to richer ones
According to PM Orbán, the draft budget for 2019 is “massive and earthquake-resistant” and “in line with the goals of the Hungarian nation.” However, the draft of the 2021-2027 EU...
News in Brief
EBRD and IMF bullish on Hungary's growth forecast for 2018
In its Regional Economic Prospects, the EBRD upwardly revised a former prediction on Hungary’s economic growth for this year by 0.4 points to 3.8 percent GDP
News in Brief
Hungary's economy is booming and the standard of living of Hungarians has improved dramatically over recent years
According to official figures, Hungary's economic policy based on wage hikes and tax cuts has created stable and rapid economic growth
Blog
GDP growth + stability and fiscal responsibility = Hungary’s economy recovery
In the third quarter, Hungary’s GDP grew by 3.9 percent (4.1, if adjusted for seasonal and calendar effects), beating expectations and the EU average, which came in at 2.5 percent. Meanwhile, the country’s finances are finding stable footing, with the annual budget deficit remaining well below three percent and the debt-to-GDP ratio on the decline.