Péter Magyar Announced the Deficit Trajectory Until 2030
7 Articles
7 Articles
Péter Magyar also spoke on Kossuth Radio about the need to reduce the budget deficit to 2.8 percent by 2030.
The government expects economic growth of 2.4 percent and inflation of 3 percent next year, after an expansion of 1.7 to 1.8 percent and a similar level of inflation this year. Prime Minister Péter Magyar presented the figures on the morning program of Kossuth radio on Tuesday, the inflation target is based on the forecast of the Hungarian National Bank. The government has also outlined a medium-term trajectory to 2030, with growth of over 3 per…
When the budget was presented on Monday, it only announced the deficit target.
According to the Prime Minister, the fulfillment of their previous commitments – the doubling of family allowances, wage increases, and the reduction of personal income tax – is made possible by the state saving on itself.
The biggest winners of next year's budget will be families, wage earners, pensioners, and those working in healthcare and the social sector, according to Péter Magyar. The prime minister also spoke on Kossuth Radio that wage increases, pension increases, and the doubling of family allowances could lead to an increase in inflation, but he expects the rate of price increases to remain around 3 percent.
The Prime Minister said that a medium-term trajectory has also been drawn up, which includes targets not only for next year, but also for 2030.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
