Tag: budget

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Hungary posts largest budget surplus of the last 20 years

February 8, 2019, 10:35 am
Hungary’s Finance Ministry has released budget figures for January 2019 at an unusual time and form on Friday. The reason why it decided to deliver this “surprise" is that an all-time record... 

Hungary plans unprecedented debt reduction

January 25, 2019, 3:55 pm
The reduction of Hungary’s debt-to-GDP ratio may accelerate in the following years, and by the end of 2021 the ratio could be close to 60%, shows the government’s recently published budget... 

EU transfers help, but Hungary's budget deficit remains large

January 22, 2019, 12:29 pm
Hungary posted an almost unprecedentedly massive 397.3 billion forint budget surplus in December 2018, which pushed the annual cash flow-based shortfall down to HUF 1,445.1 billion. Although the gap is... 

Hungary's Finance Minister unveils key economic figures

January 11, 2019, 11:45 am
Hungary’s Finance Minister Mihály Varga and Péter Banai, state secretary in charge of public finances, have held a joint press conference about the country’s economic performance in 2018 and... 

Hungary posts breathtaking budget surplus

January 11, 2019, 10:54 am
Hungary posted a budget surplus of nearly 400 billion forints in December 2018, Finance Ministry officials announced on Friday. This is the second-highest surplus for the month ever. The general government... 

Hungarian PM Orbán says 2018 growth reaches 4.6%, deficit cut to 2.0%

January 10, 2019, 10:39 am
Hungary’s finances are in order and in good hands, Hungary’s Prime Minister Viktor Orbán told journalists on Thursday. He promised to present the cabinet’s new family policy measures... 

Hungary did receive gigantic "Christmas present" from EU in 2018

January 7, 2019, 5:17 pm
The European Commission transferred a total of 4.4 billion euros worth of development funds to Hungary in 2018, a government official announced on Monday. This is almost the same as Portfolio own estimate... 

We'll learn this week how prodigal Hungary was at the end of 2018

January 7, 2019, 8:08 am
We are going to learn this week about Hungary’s preliminary budget balance in December 2018 that will let us speculate about the full-year shortfall, as well. Other important data are also in the... 

What is happening to Hungary's budget is unbelievable

January 3, 2019, 9:27 am
The deficit of Hungary’s general government sector in January-September 2018 was 110 billion forints, representing 0.4% of GDP, the Central Statistical Office (KSH) reported on Thursday. This created... 

Hungary could afford huge tax cuts in coming years

December 27, 2018, 9:58 am
Hungary could have serious leeway in the budget in 2020 or 2021, according to the government's own forecast. The question is, will this be used to increase spending or to cut taxes? Both could happen in... 

Hungary expects higher growth, lower deficit this year

December 21, 2018, 4:31 pm
The government's latest calculations indicate GDP growth could be 4.6% this year, exceeding expectations, the Finance Ministry said in a statement on Friday. The budget deficit will likely remain below... 

Hungary gets extra HUF 90 bn Christmas package from Brussels

December 21, 2018, 3:56 pm
The European Commission has transferred a further HUF 91 billion to Hungary over the past two days, according to Portfolio's calculations, on top of the HUF 308 bn the EC transferred in the first two weeks... 

Hungarian budget helped out by EU transfers

December 7, 2018, 12:54 pm
Hungary’s general government posted a shortfall of 164.3 billion in November, which is not an outstanding figure compared to the previous November readings. However, the cumulated gap is already... 

We'll learn this week what was driving Hungary's 5% GDP growth

December 3, 2018, 10:04 am
The week ahead is packed with macroeconomic events and releases. There will be manufacturing PMI data coming out in several countries. In Hungary, we’ll learn more about the 5% year-on-year GDP growth... 

OECD warns Hungary to pay heed to possible overheating

November 21, 2018, 1:15 pm
The strong economic expansion is projected to slow gradually in the next two years, while wage growth and employment are to continue to support growth, the Organisation for Economic Cooperation and Development... 

Hungary posts 2nd highest budget deficit in October

November 9, 2018, 11:15 am
Hungary posted 181.6 billion general government deficit in October, which is the second-highest on record after the one posted exactly a year earlier. The reason behind the major shortfall, however, is... 

EU sees higher growth in Hungary in 2018, 2019, slowdown afterwards

November 8, 2018, 2:20 pm
The European Commission has revised its 2018 GDP growth estimate for Hungary to 4.3% in its Autumn Forecasts from 4.0% projected in the spring. The EC has also turned more upbeat about the country’s... 

Eurostat continues spat with Hungary over cenbank foundations

October 24, 2018, 11:18 am
Hungary’s Central Statistical Office (KSH) has published its second EDP notification in 2018 on Wednesday, which shows that Eurostat, the statistical office of the European Union, continues to express... 

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... 
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