News in Brief
Government’s “most important goal” in 2024 is to kick-start economic growth while reducing debt
Hungary’s cash-flow-based budget deficit was 4,593.4 billion forints (EUR 12.1bn) at the end of December.
Ministry of Finance
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News in Brief
S+P affirms Hungary’s ‘BBB-‘ sovereign rating with a stable outlook
The rating agency also noted that the government had access to a “broad array” of financing, including a stable domestic banking sector, retail securities and issues on international markets.
News in Brief
Hungary’s cash flow-based budget balance reached 2,896 billion HUF in June
The finance ministry noted that expenditures related to the regulated utility price scheme for households came to 969.2 billion forints by the end of June.
News in Brief
Government submits tax laws to parliament
In 2024, families will benefit from over 3,300 billion forints (EUR 8.9bn) in family assistance and tax reductions.
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.
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.
News in Brief
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.