Hungary’s cash flow-based budget posted a 4,753.4 billion forint deficit in 2022
According to official data, the deficit widened by 1,287.0 billion in December alone.
According to official data, the deficit widened by 1,287.0 billion in December alone.
The public debt is expected to have fallen more sharply than initial projections, to 73.5% from 76.8% in 2021.
The IMF has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region.
“Recent measures aimed to support investments, job creation and families have left significant resources in the economy,” the ministry said.
State Secretary Gábor Gion has said Hungary’s finance ministry supports no-cash solutions, which have a crucial role in whitening the economy.
Mihály Varga said the government’s objectives are to secure economic growth with a rate of about 4 percent, job creation, full employment, reducing debt and a low budget deficit