Tag: budget

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Hungary posts massive budget surplus in September

October 8, 2018, 11:28 am
Hungary’s general government posted a 150 billion surplus in September 2018, which really stands out, but the cumulated deficit remains sizeable. The surplus in September was larger than this... 

Hungary forint turns back from 1.5-month high versus euro

October 3, 2018, 9:41 am
As tensions about Italy’s budget have eased, Hungary’s forint strengthened against the euro on Wednesday morning, and breached two key technical barriers, although it did give back some of... 

Hungarian pensioners seen receiving 'premium' this year and next

September 11, 2018, 8:12 am
The Hungarian state paid a ‘premium’ to pensioners in 2017 for the first time, and in view of the better-than-expected preliminary economic growth data this is most likely to happen this year... 

Hungary records all-time high budget gap for January-August

September 7, 2018, 12:09 pm
Hungary’s general government posted 155 billion forint deficit in August, which takes the cumulated gap to HUF 1,646 billion, Finance Ministry data revealed on Friday. The state budget posted... 

European Commission secures windfall gain for Hungary

August 31, 2018, 5:12 pm
The European Commission has approved more than 300 million euros worth of expenditure Hungary had in relation to border protection, announced Gergely Gulyás, the minister leading the Prime Minister’s... 

Proof that Hungary is close to a balanced budget

August 8, 2018, 3:32 pm
The Hungarian government has recently made a big deal out of pre-financing EU projects from public funds, and it has not been spending like there’s no tomorrow. As a result, the budget balance cleared... 

Hungary accumulates massive budget deficit by the end of July

August 8, 2018, 8:02 am
The deficit of the Hungarian budget was not outstanding (HUF 70 bn) in July, but the cumulated balance is now close to HUF 1,500 billion. The Finance Ministry remains unworried about the 2.4% of GDP deficit... 

Hungary budget deficit may overshoot target - state secretary

August 7, 2018, 4:41 pm
It would not come as a surprise if Hungary’s cash flow-based budget deficit exceeded the target at the end of the year, but that would not affect the shortfall calculated under European Union methodology... 

Hungarian data release could affect forint this week

August 6, 2018, 10:01 am
The key macroeconomic release in Hungary this week will be the July inflation data by the Central Statistical Office (KSH) on Wednesday. The CPI print should be watched more closely as it could set the... 

Hungary H1 deficit exceeds annual target

July 6, 2018, 1:57 pm
Hungary's budget deficit grew HUF 233 billion in June to more than HUF 1,400 billion in the first six months, the Ministry of National Economy announced on Thursday. The high numbers are related to EU... 

Weaker forint could boost Hungary's EU funding by HUF 580 bn

July 5, 2018, 11:38 am
Should the Hungarian forint become stuck at 330 against the euro, Hungary could distribute HUF 580 billion more in EU-funded schemes in the 2014-2020 budget period, Portfolio's calculations show. This... 

Oettinger reveals why EU funding for Hungary is lowered so much

June 27, 2018, 1:03 pm
Günther Oettinger, Commissioner for the EU budget, says it was a fair and just decision to lower cohesion policy funds for Hungary for the coming years due to the country’s spectacular development.... 

Hungary might go for gigantic tax reductions

June 25, 2018, 5:20 pm
If the Hungarian government’s expectations prove right and annual economic growth remains around 4.0% in the following few years, the state budget will be having a great time, shows the chapters... 

Hungary quietly prepares new funding for health care?

June 22, 2018, 4:59 pm
Private health service providers in Hungary could be particularly sensitive to the restructuring of fringe benefits and the subsequent abolishment of the benefits of health insurances in their current... 

No austerity in 2019, Hungarian PM Orbán pledges

June 22, 2018, 11:13 am
Just because the National Bank of Hungary (MNB) has revised its inflation estimates upwardly, the 2019 budget bill does not need to be modified, i.e. there is no need for austerity measures, Prime Minister... 

Hungary plans no reduction to personal income tax rate - Varga

June 13, 2018, 2:45 pm
Hungary’s Finance Minister Mihály Varga submits the draft 2019 budget to Parliament on Wednesday. Portfolio reports live from the scene. Answers - 14:45 At the moment, we do not see a Eurobond... 

Hungary to boost military spending in 2019

June 12, 2018, 5:07 pm
The biggest novelty in the 2019 budget is that it lacks any novelty, shows the opinion of the Fiscal Council of the draft budget. It also reveals that the government’s GDP estimate is overly optimistic... 

Hungary Fiscal Council advises cabinet against tapping reserves

June 12, 2018, 3:36 pm
Hungary’s Fiscal Council believes the government’s GDP growth target for 2019 is ambitious, but if domestic consumption keeps growing at a fast pace and economic growth in the European Union... 

Hungary May general gov't deficit at 87% of 2018 target

June 7, 2018, 2:50 pm
Hungary posted HUF 106.1 billion general government deficit in May 2018, according to preliminary, cash flow-based data, excluding local governments, the Finance Ministry announced on Thursday. As a result... 

EU to cut cohesion funds for Hungary by almost a quarter

May 31, 2018, 11:21 am
EU cohesion funds for Hungary are to be cut by 24% in constant 2018 prices in the long term EU budget 2021-2027, according to the European Commission’s proposal, in line with previously linked information.... 
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