US EditionHungarian Government Plans Refined as Budget Figures Shift 🔄
7 Articles
7 Articles
Hungarian government plans refined as budget figures shift 🔄
MTI-ECONEWS – The government targets a general government deficit, relative to GDP, of 4.1pc for 2025 and 3.7pc for 2026, a state secretary at the National Economy Ministry said at a press conference on Tuesday. Here are the changes to the budget figures: The improving condition of the economy paves the way for strict fiscal policy and a reduction in the deficit, Kornél Kisgergely said. He added that a reduction in Hungary’s state debt levels wo…
Richárd Szabados, State Secretary for the Development of Small and Medium-Sized Enterprises and Technology at the Ministry of National Economy, announced that the ministry supports the strengthening of Hungarian SMEs and the increase in their productivity with cheap investment loans.
More and more Hungarian households are able to save and are consciously planning to put money aside. This is possible, among other things, due to the increase in the family tax allowance in July, but in the long term, inflationary pressure is also easing thanks to government measures. It seems that families will soon feel this.
The statement issued by the Ministry of National Economy also stated that international trust in Hungary is unbroken.
It was an expensive pastime to pay the interest on premium government bonds, but the money was put to good use – this was said during a discussion organized by the Hungarian Economic Society. The effects of the 2025 government bond interest rate hike were discussed by Mihály Hoffmann, President and CEO of ÁKK, Ádám Banai, Managing Director and Chief Economist of the MNB, and Álmos Mikesy, President and CEO of Gránit Alapkezelő. The discussion wa…
The budget deficit will be larger than the government currently expects, so even more money may need to be raised, he emphasized in commenting on the announcement. According to his perception, the budget distribution and the 2026 parliamentary election will not have an extreme impact on the pricing of Hungarian bonds, provided that the retention or transfer of power takes place peacefully. However, if the election fight becomes rough, a civil wa…
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