News in Brief
Finance Minister debates 2024 budget in parliament
Minister Varga said the focus of the budget is to strengthen the scheme to keep utility costs low and boost national defense.
2024 budget
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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
Finance Minister: Aim of 2024 budget is to protect Hungary's security, families, pensions, jobs and utility price caps
The draft budget calculates a 4% economic growth and a deficit of 2.9% of GDP. State debt is expected to go down to 66.7%, and inflation to an annual 6%.
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%.