Budget: András Kármán Reveals Very Important New Data
7 Articles
7 Articles
The advertising tax is planned to be 3.75 percent, and international platforms will also have to pay. A corporate tax increase of 15 percent could affect between 3,000 and 5,000 companies. The state's so-called overhead defense spending will be increased by 232 billion.
A background discussion is being held at the Ministry of Finance in the presence of Minister of Finance András Kármán, State Secretary for Public Finance Gyula Barabás, and State Secretary for Tax Affairs Attila Kövesdy, after the details of the 2027 budget were presented at a press conference this morning.
The Ministry of Finance presented the most important figures of the 2027 budget draft in a background discussion. András Kármán revealed that they are planning a “heavy” adjustment, and that by 2030 they will meet the Maastricht criteria necessary for the introduction of the euro. We also learned important information about the change in corporate tax for companies, the transformation of the housing and family support program, and its “fairness”.
Wealth tax, stricter global minimum tax and new carbon dioxide burden: the government would slash the deficit next year with tough tax increases and spending cuts.
András Kármán has already spoken about the uncertainties in a narrow circle, and for the first time it has been stated that the budget deficit must be reduced to below 3 percent by 2030.
The government would improve the budget balance by more than 2,100 billion forints in 2027, while also spending more money on tax cuts, wage increases, pensions and family benefits. At a press conference on Tuesday, Prime Minister Péter Magyar and Finance Minister András Kármán explained in detail how the planned measures would be covered and what changes Hungarians can expect next year. The government is […]
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