budget

24/05/2016

Budget amendment earmarks EUR 158m top-up for cities scheme

Budapest, May 23 (MTI) – After an amendment of Hungary’s 2016 budget, a top-up of 50 billion forints (EUR 158m) will be available for developments under […]
20/05/2016

Orbán: Economy has sufficient resources for modern education system

Budapest, May 20 (MTI) – The Hungarian economy has the funding necessary for a predictable and reliable education system that offers up-to-date knowledge, Prime Minister Viktor […]
20/05/2016

NGOs say 2017 budget boosts inequalities

Budapest (MTI) – Sixteen NGOs have assembled a package of proposals for areas where they think that next year’s budget would further increase social inequalities. In […]
08/05/2016

Hungarian Parliament preview – Referendums, migration, 2017 draft budget on parliament agenda

Budapest, May 8 (MTI) – Parliament will next week hold a final vote on amendments to the referendum law and migration related proposals and may also […]
06/05/2016

Audit office gives budget bill high marks

Budapest, May 6 (MTI) – Hungary’s State Audit Office (ÁSZ) said macroeconomic projections and revenue targets in the government’s 2017 budget bill are achievable. The bill […]
05/05/2016

Central bank to pay EUR 160m dividend into budget

Budapest, May 5 (MTI) – The National Bank of Hungary (NBH) is paying a dividend of 50 billion forints (EUR 160m) from last year’s earnings into […]
28/04/2016

Budget bill details risks considered in National Protection Fund reserves

Budapest, April 27 (MTI) – The 60 billion forint (EUR 192.3m) reserves to be set aside in the National Protection Fund next year are sufficient to […]
27/04/2016

2017 budget bill targets deficit of EUR 3.7bn

Budapest (MTI) – Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap […]
27/04/2016

Opposition parties lambast 2017 budget

Budapest, April 26 (MTI) – Hungarian opposition parties slammed the 2017 draft budget submitted on Tuesday by the economy minister. The opposition Jobbik party said the budget […]
26/04/2016

Economy minister: Tax cuts, home-building and growth centrepieces of 2017 budget

Budapest, April 26 (MTI) – Tax cuts, the government’s home-building scheme and growth will be the centrepieces of next year’s budget, Mihály Varga, the economy minister, […]
15/04/2016

Fidesz: 2017 budget moves Hungary closer to full employment

Budapest, April 15 (MTI) – The ruling Fidesz party supports the 2017 budget draft because it moves Hungary closer to full employment, Erik Bánki, the head […]
13/04/2016

Tax cuts, help to home buyers key components in 2017 budget, says economy minister

Budapest, April 13 (MTI) – The government’s draft budget for 2017 focuses on tax cuts and support to families buying a home, Economy Minister Mihály Varga […]
02/04/2016

Századvég projects further decline in budget deficit

Budapest, April 1 (MTI) – Hungary’s budget deficit, calculated according to European Union methodology, is expected to further decrease in 2016, to 1.6 percent of GDP, […]
22/03/2016

Balanced budget necessary, says Fiscal Council chief

Budapest, March 22 (MTI) – It is both possible and necessary to plan for a budget with no deficit, head of the Fiscal Council Árpád Kovács […]
12/03/2016

Hungary spent EUR 257m on managing migration in 2015

Budapest (MTI) – The Hungarian government spent a total of 80 billion forints (EUR 257m) on managing the migration crisis last year, the prime minister’s chief […]
22/02/2016

Balanced budget ‘within reach’, says state secretary

Budapest, February 22 (MTI) – A balanced budget, calculated with EU rules, is now “within reach” for Hungary, an economy ministry state secretary said on Monday. […]
19/02/2016

Budapest mayor sees no problem with 2016 budget

Budapest, February 19 (MTI) – Budapest’s recently adopted budget for 2016 is realistic, the city having a surplus rather than a deficit in operating funds, Mayor […]
11/02/2016

Hungary inflation up annual 0.9 pc in January

Budapest, February 11 (MTI) – Consumer prices in Hungary rose by an annual 0.9 percent in January, the Central Statistical Office (KSH) said on Thursday. The […]
30/12/2015

Hungary to double defence spending by 2022

Budapest (MTI) – The government is set to double its defence spending as a percentage of GDP by 2022, Defence Minister Istvan Simicsko said on Tuesday. […]
29/12/2015

Economy ministry: Budget deficit on target

Budapest (MTI) – Tax receipts are on course to reach their target, and this year’s budget deficit will either hit the 2.4 percent target or come […]