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.
Deficit
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News in Brief
Government sector deficit reached 3.9% of GDP in Q1-Q3
Government sector revenue rose by an annual 8.9 percent to HUF 16,468 billion during the period.
News in Brief
Hungary’s 2017 deficit-to-GDP beats expectations
Hungary’s deficit-to-GDP beat previous government expectations of 2.4 percent dropping to 2.0 percent.
News in Brief
Hungary’s budget deficit hit 2.65 billion euros in July
Hungary's cash flow-based budget, excluding local councils, ran an 816.8 billion HUF deficit at the end of July
Prime Minister
PM Orbán opens spring session of Parliament: 'The Hungarian economic model is working'
PM Orbán said the government’s deficit target of 2.4 percent of GDP this year was “clearly” achievable. Hungary’s economy grew by 2 percent last year
News in Brief
Hungary on course to achieve deficit target of 1.7 percent of GDP
"The modified EU-based deficit target of 1.7 percent looks realistic even reckoning with a run-up in spending related to EU projects in the rest of the year," the Ministry for National Economy has said
News in Brief
Improving competitiveness is the key to Hungary's success
Hungarian state debt will continue to decline this year and the budget deficit will be below the 2 percent of gross domestic product (GDP) earlier expected. Economic growth is expected to reach 2.5-3 percent in 2016
News in Brief
Hungary doesn't need Italy's money
Italy has demanded tough treatment of Eastern European countries, including Hungary, that refuse to accept migrants under the EU’s relocation scheme
News in Brief
Brexit won't affect Hungary's budget plans
Hungary maintains that its budget deficit target of 2.0 percent of gross domestic product for this year is "realistic and attainable"
News in Brief
Hungary reports an all-time best budget result
Hungary posted a 131.7 billion HUF budget surplus in May, which helped record a moderate deficit for January-May
News in Brief
European Commission: Hungary's GDP to continue growth path in 2016 and 2017
European Commission predicts Hungary's GDP to rise even higher than originally thought
News in Brief
Hungary has enjoyed one of the highest growth rates in Europe in recent times
Hungary's success story is thanks in part to the government's adoption of unorthodox measures for economic recovery