Tag: budget

« previous 20 articles 1 / 33  

Commission tightens medium-term budgetary objective for Hungary

April 15, 2019, 11:30 am
A new type of fiscal disciplinary action by the European Commission has been in progress against Hungary for almost a year now. Prime Minister Viktor Orbán’s government, however, has not budged so... 

Hungary's state budget is in excellent shape

April 8, 2019, 1:42 pm
Hungary’s general government balance showed HUF 141.9 billion deficit at the end of March, while the end-February print still showed surplus. The main processes are not unfavourable by far, quite... 

Date for reveal of 2020 draft budget leaked

April 3, 2019, 8:35 am
The 2020 draft budget could be submitted to Parliament at the end of May, Hungarian business daily Világgazdaság reported on Wednesday. This year’s budget may be amended in the second half of the... 

Here's Hungary's official budget deficit figure for 2018

April 1, 2019, 11:30 am
Hungary’s general government sector posted 934 billion forint deficit in 2018, according to preliminary data published by the Central Statistical Office (KSH) on Monday. This corresponds to 2.2%... 

Hungarian budget revenues keep on coming in

March 8, 2019, 12:46 pm
Hungary’s general government sector recorded HUF 177 billion deficit in February, a modest shortfall compared to the previous February prints. The state’s revenues keep on rising nicely. ... 

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... 
« previous 20 articles 1 / 33