European Union finance ministers are expected to approve Hungary’s revised Recovery and Resilience Facility (RRF) plan on Friday, Finance Minister András Kármán told journalists in Brussels.
Speaking ahead of an ECOFIN meeting, Karman noted that the Tisza Party had pledged during its campaign to make the release of Hungary’s EUR 10bn in RRF funding a priority, the Hungarian news agency wrote.
The monies have been frozen for close to four years because of concerns over corruption and rule of law under the former Fidesz-KDNP government. Kármán said the RRF funding would support the green and digital transitions, the development of railway infrastructure, housing and SMEs. That support, he added, would improve the country’s economic competitiveness and aid a return to growth.
Fielding questions, the minister said the government had inherited a “very difficult” legacy budget that would have resulted in an 8.3pc-of-GDP deficit. He added that bringing home Hungary’s EU funding as well as rolling back public interest asset management foundations (KEKVAs) would narrow the gap.
“We’re better off now, but we still haven’t finished,” he added. Kármán confirmed the government would submit an amended 2026 budget to lawmakers by the end of August.
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