News in Brief
Finance Minister: 2024 budget submitted to Parliament
The finance minister said Hungary required a budget that guaranteed the country’s security, protected families, pensions, jobs, and cheaper household energy bills.
Ministry of Finance
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News in Brief
Government submits 2024 draft budget to Fiscal Council
Despite the challenging circumstances, the government’s aim is to return to a higher growth path of around 4% next year with disciplined fiscal management while curbing inflation to 6%.
News in Brief
Finance Ministry: Hungary’s economy to avoid a recession in 2023 and return to steep growth next year
The economy’s foundations are robust, with one of the lowest unemployment rates in the EU and the number of jobholders stable at around 4.7 million.
News in Brief
Ministry: Hungary’s economy will avoid recession this year and expand by 4% in 2024
The public debt-to-GDP ratio is expected to fall to 63.9% by 2025, the finance ministry said.
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.
News in Brief
Finance Ministry: Hungarian economy has proved resilient
The government’s measures serve as a good basis to avoid recession in 2023 and bring economic growth back above 4% next year.
News in Brief
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.
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Finance Ministry: Public debt fell more than expected in 2022
The public debt is expected to have fallen more sharply than initial projections, to 73.5% from 76.8% in 2021.
News in Brief
IMF bumps up its projection for Hungary’s economic growth
The IMF has bumped up its projection for Hungary’s economic growth in 2022 to 5.7%, among the highest in the region.
News in Brief
Finance Ministry: To restart the economy, it is necessary to continue pursuing supportive fiscal policies
“Recent measures aimed to support investments, job creation and families have left significant resources in the economy,” the ministry said.
News in Brief
Hungary’s finance ministry supports cash-free payment methods
State Secretary Gábor Gion has said Hungary’s finance ministry supports no-cash solutions, which have a crucial role in whitening the economy.
News in Brief
Finance minister: Public debt can be reduced from 72.9 percent to below 60 percent by 2022
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