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.
Ministry of Finance
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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.
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