This Is How the Government Will Rewrite This Year's Budget - the Draft Has Been Submitted
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The government would significantly rewrite the main figures of this year's budget: spending would rise above HUF 49 thousand billion, and the deficit target as a proportion of GDP would increase to 7.5 percent. The amendment was submitted to Parliament on Monday.
The cabinet presented an amendment to the 2026 budget, which would increase the deficit of the central subsystem of public finance to HUF 7110 billion. The government now expects economic growth of just 2 percent instead of the 4.1 percent originally planned.
The Tisza majority will forgive the national debt.
Finance Minister András Kármán submitted a last-minute amendment to the 2026 budget that would double this year's deficit target. The amendment to the 2026 budget includes around HUF 700 billion in austerity measures, a HUF 500 billion Disaster Fund, and several new social measures. The aforementioned deficit target would increase to 7.5 percent of GDP.
The government would thoroughly rewrite this year's budget: instead of the previous 3.7 percent deficit target, it is now planning a deficit of 7.5 percent of GDP.
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