News in Brief
Fiscal Council: Budget amendment bill submitted to parliament is credible
The Fiscal Council said on its website that Hungary’s ESA deficit ratio is set to grow to 3.9% from 3.5%.
National Budget
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News in Brief
Government issues decree amending 2023 budget
The finance ministry said next year’s budget envisages GDP growth of 1.5%, a declining budget deficit and falling public debt.
News in Brief
Government welcomes Fiscal Council’s approval of draft budget amendments
Gergely Gulyás said the budget earmarks more than 2,600 billion forints (EUR 6.5bn) for keeping household utility bills low.
News in Brief
Fiscal Council raises no objections to draft budget amendments
The Council said there were “no such fundamental objections that would justify signalling disagreement with regard to the draft amendments” in a resolution.
News in Brief
Government aims to reduce budget deficit to 3.5% of GDP in 2023
The Hungarian government aims to reduce the budget deficit to 3.5% of GDP in 2023 from this year’s deficit of 4.9% and expects the economy to grow by 1.5% following the 5% expansion expected this year.
News in Brief
Finance ministry welcomes approval of “budget of utility bill cuts and defense”
“We regret that the left cannot be counted on even in the current wartime situation and that they did not vote for the budget of utility protection and home defence,” the finance ministry stated.
News in Brief
Parliament passes into law government's 2023 budget
The budget was passed with 135 votes in favor and 54 votes against.
News in Brief
Finance Minister presents 2023 draft budget in parliament
Mihály Varga said utility price cuts and defense spending are the factors of economic policy defining the 2023 budget.
News in Brief
Finance Minister: Government is running a tight budget
Minister Varga said it would not be necessary to cut spending any further than measures already taken, with HUF 755 billion already lopped off expenditures.
News in Brief
Finance Minister sets out main goals of 2020 budget
Besides support for families, Minister Varga highlighted education, healthcare, pensions, public sector wages, as well as defense and law enforcement as priority areas.
News in Brief
Cabinet submits Hungary's 2020 budget draft to Parliament
The 2020 budget will increase central expenditure in a number of areas, with a focus on demographic policy and sustained economic growth.
News in Brief
FM: Hungary’s 2020 budget will be geared towards families
Mihály Varga said the government will next week submit to parliament a family-friendly budget with the aim of reversing the declining population.
Blog
Hungary’s 2018 ‘budget of working citizens’ and families
Hungary’s economic growth -- 2 percent in 2016 and forecast to grow to 4.3 percent in 2017 – translates into an anticipated 1 trillion additional HUF (3.3 billion EUR) for the 2018 budget. Public debt is expected to drop by some 2 percent, and the deficit is expected to be 2.4 percent.