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Hungary to Cut Taxes by HUF 1,500 Billion Next Year, Says Finance Minister

Hungary to Cut Taxes by HUF 1,500 Billion Next Year, Says Finance Minister

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.
Hungary’s State Debt Ratio Target Achievable, Confirms State Audit Office

Hungary’s State Debt Ratio Target Achievable, Confirms State Audit Office

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.
Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other hand, finds the government’s economic path sound and reasonable.
Cucumber Cultivation Helps Lift Up Hungary’s Poorest

Cucumber Cultivation Helps Lift Up Hungary’s Poorest

The Kiútprogram (Way Out Program) supports people living in extreme poverty in the north-eastern part of Hungary. Families start growing cucumbers in their own gardens with the help of micro-loans provided by the programme.
Gov't to Postpone Projects, Increase Reserves, Finance Ministry Confirmed

Gov't to Postpone Projects, Increase Reserves, Finance Ministry Confirmed

The government has decided to postpone some development projects and increase the central budget’s 2021 reserves by a total 350 billion forints (EUR 958m), the finance ministry has said.
Budget Deficit HUF 2,922 Billion in October Ministry Confirms

Budget Deficit HUF 2,922 Billion in October Ministry Confirms

Hungary’s cash flow-based budget deficit, excluding local councils, was 2,922.2 billion forints at the end of October, the Finance Ministry said on Tuesday, confirming preliminary data.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
PM Orbán: Vaccination of 5-12 Year Olds to be Assessed

PM Orbán: Vaccination of 5-12 Year Olds to be Assessed

Orbán said that health experts were expected to determine “around December” if children between 5-12 could be inoculated and in case of a positive answer parents would have an opportunity to vaccinate their children.
EBRD Raises Hungary 2021 GDP Growth Forecast to 7.7%

EBRD Raises Hungary 2021 GDP Growth Forecast to 7.7%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary’s GDP growth this year to 7.7% in a biannual report published on Thursday.
Hungary to Cut Taxes by HUF 1,500 Billion Next Year, Says Finance Minister

Hungary to Cut Taxes by HUF 1,500 Billion Next Year, Says Finance Minister

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.
Hungary’s State Debt Ratio Target Achievable, Confirms State Audit Office

Hungary’s State Debt Ratio Target Achievable, Confirms State Audit Office

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.
Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

Hungarian Opinion: Government Makes HUF 350 Billion Budget Readjustment

A left-wing columnist accuses the government of overspending ahead of the 2022 April election. A conservative economist, on the other hand, finds the government’s economic path sound and reasonable.
Cucumber Cultivation Helps Lift Up Hungary’s Poorest

Cucumber Cultivation Helps Lift Up Hungary’s Poorest

The Kiútprogram (Way Out Program) supports people living in extreme poverty in the north-eastern part of Hungary. Families start growing cucumbers in their own gardens with the help of micro-loans provided by the programme.
Gov't to Postpone Projects, Increase Reserves, Finance Ministry Confirmed

Gov't to Postpone Projects, Increase Reserves, Finance Ministry Confirmed

The government has decided to postpone some development projects and increase the central budget’s 2021 reserves by a total 350 billion forints (EUR 958m), the finance ministry has said.
Budget Deficit HUF 2,922 Billion in October Ministry Confirms

Budget Deficit HUF 2,922 Billion in October Ministry Confirms

Hungary’s cash flow-based budget deficit, excluding local councils, was 2,922.2 billion forints at the end of October, the Finance Ministry said on Tuesday, confirming preliminary data.
Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Fiscal Policy's Effect On Inflation Only Mild, Says Hungarian Finmin

Mihály Varga, the finance minister, in an op-ed published on Tuesday, said fiscal policy and wages only had a mild effect on inflation and the current account, and external factors were more at play. In his article in the business daily Világgazdaság, Varga said the jump in energy prices, raw materials and transport costs, as well as the re-pricing amid the post-pandemic economy — services in ...
PM Orbán: Vaccination of 5-12 Year Olds to be Assessed

PM Orbán: Vaccination of 5-12 Year Olds to be Assessed

Orbán said that health experts were expected to determine “around December” if children between 5-12 could be inoculated and in case of a positive answer parents would have an opportunity to vaccinate their children.
EBRD Raises Hungary 2021 GDP Growth Forecast to 7.7%

EBRD Raises Hungary 2021 GDP Growth Forecast to 7.7%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary’s GDP growth this year to 7.7% in a biannual report published on Thursday.