Finance Ministry Now Projects 4.3% Economic Growth This Year

  • 21 Apr 2021 7:59 AM
  • Hungary Matters
Finance Ministry Now Projects 4.3% Economic Growth This Year
The finance ministry has submitted to parliament the amendment to the 2021 budget on continued allocation of funds for coronavirus protection and economic recovery measures, the ministry said in a statement.

The bill also covers the home purchase scheme announced last autumn and increases in health-care, family support and local government funding, it said.

Since the approval of this year’s budget, the coronavirus pandemic warranted significant changes in economic measures and decisions, the ministry said.

Under the amendment, Hungary’s deficit target is at 7.5%.

This will allow a reduction of state debt to 79.9% of GDP by the end of 2021 from 80.4% in 2020.

The amendment projects a 4.3% economic growth in 2021.

A parliamentary vote on the amendment is expected during the spring session, the ministry said.

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