​Hungary's Fiscal Council raises red flag over government 2026 draft budget plans

Family Housing Lottery Stimulus: How to Win an Election and Raise the Birth Rate

In a previous article for The Hungarian Conservative, I made the case that the Trump tariffs posed a serious threat to the Hungarian economy in the run-up to the 2026 election. This will be the case whether or not President Trump continues to enforce the tariffs, as Liberation Day has marked the beginning of the end for the US dollar’s status as the world’s reserve currency. As a result, the forint has already appreciated by around 12 percent ag…

​Hungary's Fiscal Council raises red flag over government 2026 draft budget plans

Hungary's Fiscal Council has raised concerns over the government's draft budget for 2026, warning that it rests on overly optimistic growth assumptions and contains multiple risks.

Hungary's election-year 2026 budget hinges on risky growth projection, fiscal watchdog says

BUDAPEST - The Hungarian government's budget plans for the 2026 election year could be at risk if its economic growth assumptions prove too optimistic, the head of budget watchdog Fiscal Council told Reuters. Read more at straitstimes.com.

The Fiscal Council (CF) referred to the economic projections recently published by the Ministry of Economy and Finance (MEF), which pose risks to the fiscal balance of the country. Through a statement, the entity considers that "the MEF should be especially cautious because its projection errors can generate budgetary imbalances." The statement is based on the Update Report of Macroeconomic Projections 2025-2028 (IAPM), published by the MEF on A…

Hungary’s 2026 budget faces significant growth risks, council flags global uncertainty - DailyNewsHungary

The Fiscal Council raised no fundamental objections to the government’s 2026 budget draft, but did point to risks affecting targets amid increased uncertainty in the global economic environment in an opinion issued on Monday. Lower-than-expected first-quarter GDP and global trade tensions pose risks for achieving the 2.5% economic growth target in 2025, the Council said. High tariffs could impact Hungary’s export sector unfavourably, while the u…

The optimistic GDP growth plan in particular can be risky.