Payouts of Hungary’s funding from the European Union’s Recovery and Resilience Facility (RRF) could start in the fourth quarter of 2026, Finance Minister András Kármán said in a post on Facebook on Saturday.
Kármán said Hungary’s RRF programme could be cleared by the European Commission in June and approved by EU finance ministers in July.
Milestones in the programme must be achieved by the end of August, and as payment applications are sent in September, the first payouts could start in Q4 2026, he added.
Kármán hailed an agreement reached in Brussels on Friday to unlock EUR 16.4bn of Hungary’s EU funding as the “biggest financial deal of the decade”.
He noted that Hungary would get EUR 10bn from the RRF, including EUR 6.5bn in grant money and EUR 3.5bn in preferential credit. The country will get EUR 4.2bn in conditionality-related Cohesion funds and EUR 2.2bn in Cohesion funds linked to academic freedom, he added.
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