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Hungary does not support the proposal to create a separate euro zone budget, as such a concept would be against the country’s interests, Finance Minister Mihály Varga was quoted as saying at a meeting of EU finance ministers in Brussels.
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Hungary’s tax-to-GDP ratio – the sum of taxes and net social contributions as a percentage of GDP – fell by 0.9 percentage point last year, the biggest decline in the European Union, state secretary of the finance ministry Norbert Izer told MTI, citing fresh data released by Eurostat.
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Hungary’s strong growth performance in the third quarter suggests that full-year growth will be above expectations, London-based emerging markets economists said.
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A conservative economist criticizes the credit rating company Moody’s for not upgrading Hungary’s rating. A left-wing commentator explains Moody’s decision with the still high volume of public debt.
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Budapest’s Eighth District is planning to levy a local property tax on homes which are used for short-term accommodation services such as Airbnb, according to a draft decree posted on the district’s official website.
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The average gross wage in Hungary rose by an annual 10.4% to 322,752 forints (EUR 1,003) in September, the Central Statistical Office (KSH) said.
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