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.
Budget Deficit
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News in Brief
Hungary's budget deficit HUF 2,710 billion at end of April
Meanwhile, KSH said in a first reading of data on Tuesday that Hungary’s trade balance posted a surplus of 899 million euros in March, up from 581 million in February.
News in Brief
Nagy: Government is determined to avoid a recession this year
The Hungarian government's goal is to secure growth of 1.5% this year following a 4.5% growth in 2022, notwithstanding the mounting economic challenges.
News in Brief
Budget deficit reached HUF 5,101.5 billion at end of Dec
“The budget ensured, to the full extent, the resources necessary to restart the economy and the defense against the pandemic,” the finance ministry said.
News in Brief
Government lowers 2022 budget deficit target to 4.9%
Finance Minister Mihály Varga said the government has saved HUF 755 billion by postponing several public investments.
News in Brief
Hungary's budget deficit at 2,922 BN and 6.5% inflation in Oct.
“The government is continuing its crisis management based on support for families, tax cuts and investment incentives", the finance ministry said.
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 budget deficit narrows to HUF 1,043.6 billion at the end of April
Spending on pandemic-related measures exceeded HUF 398.8 billion by the end of April.
News in Brief
Hungary's 2018 budget deficit comes in under target at 2.2 percent of GDP
According to data released by the Central Statistics Office, Hungary's central budget deficit was 2.2 percent of the gross domestic product last year, 934 billion HUF (2.9 billion EUR)
Blog
Beautiful ups and downs: GDP up, deficit down, foreign investment up, debt down, and wages on the rise
Hungary’s GDP growth is now approaching the second highest in the EU, in a year that saw record-low unemployment and rising real wages.
News in Brief
Pre-financing for EU-funded projects lifts Hungary's deficit to 135% of 2018 target
Hungary’s cash flow-based budget, excluding local councils, ran a 1,842.4 billion HUF (5.7b EUR) deficit at the end of November