Central Bank Governor Welcomes Budget Cuts, Sees Further Rate Hikes in Hungary
- 30 Dec 2021 8:59 AM
MNB governor Gyorgy Matolcsy welcomed the government spending cuts announced last week in an interview with Magyar Nemzet.
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Hungary’s Economy in Good Health, Says Finance Minister
- 29 Dec 2021 9:16 AM
Hungary's economy is in better health than after the previous crisis and grew by 6.4% this year as opposed to a contraction of 6.6% the year after the 2008 crisis, Mihály Varga, the finance minister, said on Facebook.
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Hungarian Banking Association Does Not Support Mortgage Rate Freeze
- 28 Dec 2021 7:04 AM
The Hungarian Banking Association said it does not support a temporary government freeze of mortgage loan interest rates.
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Hungarian Public Debt Increases by HUF 10 Billion Every Day, has Nearly Doubled Since 2010
- 27 Dec 2021 12:08 PM
Hungary’s government debt stood at 39.85 trillion Ft. (US $122.1 billion) in October, the most recent month for which data is available, an increase of 3.16 trillion Ft. ($9.68 billion) since the beginning of the year and an increase of 20.88 trillion Ft. ($64.0 bilion) since the beginning of 2010, according to data from the Public Debt Management Center.
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Hungary to Cut Taxes by HUF 1,500 Billion Next Year, Says Finance Minister
- 23 Dec 2021 9:18 AM
The government will cut taxes by 1,500 billion forints (EUR 4.1bn) in 2022, a video posted on Wednesday on Finance Minister Mihály Varga’s Facebook page showed.
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Hungary’s State Debt Ratio Target Achievable, Confirms State Audit Office
- 23 Dec 2021 8:52 AM
The state debt ratio targeted for this year is achievable based on the data available by November so the debt rule stipulated by the constitution can also be met, the State Audit Office (ÁSZ) said in an analysis published on Wednesday.
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