News in Brief
Finance Minister: Distribution of EU recovery funding “extremely cumbersome and slow”
Minister Varga said the European Commission’s assessment of the funding so far had been “unreasonably optimistic”.
Mihály Varga
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News in Brief
Government expects Hungary's economic growth to continue
Minister Varga said major resources are expected to be spent on energy-efficiency developments and businesses can participate in these as suppliers.
News in Brief
Finance Minister: War and energy crisis has “fundamentally” changed economic environment
The finance minister said the government must adjust the budget in the interest of protecting families and the economy.
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Finance Minister unveils economic policy goals on The Bold Truth About Hungary podcast
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”.
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Finance Minister: Strong Hungary-Kazakhstan ties benefit both countries
Minister Varga said Kazakhstan “is an important strategic partner” in Central Asia and a key player in the development of Hungary’s eastern relations.
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Hungary will bear costs of Erasmus student program if negotiations fail
Minister Varga said the EC’s approach regarding the Erasmus program was “unfathomable”.
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Hungary issues forex bonds worth 4.25 billion dollars
Minister Varga said on Facebook that offers for the bonds came to over 12 billion dollars, “showing investor confidence in the Hungarian economy remains strong”.
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Finance Minister: Public debt fell faster than projected last year
Public debt was 73.5% of GDP last year as against 76.8% in 2021.
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Hungary has FX bond issues worth 4 billion dollars planned for 2023
Minister Varga added that EU recovery funds are also expected to underpin Hungary’s public financing.
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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.
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PM Orbán: Government will raise pensions by 15% from Jan. 1
In a video published on Facebook, PM Orbán said he had signed a government decree on the pension hike.
News in Brief
Finance Minister: Government considers churches strategic partners
The finance minister said the Tiszántúl Diocese of the Reformed Church has spent a total of 50 billion forints (EUR 121m) on church renovation projects over the past twelve years.
News in Brief
Finance Minister: Linking EU funds to unrelated issues "dangerous precedent”
Minister Varga said the European Commission’s recent positive assessment of Hungary’s recovery plan “after a year and a half” was a “significant step forward”.