Tag: budget

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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... 

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... 
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