ÁKK modifies financing plan for 2021
Mihály Varga on budget, recovery, pandemic, dispute with Fiscal Council, euro adoption
Mihály Varga presenting the plans
Article IV Mission concluding statement released
Double-digit rebound expected from Q2
Q1 figure more than 75% of annual target
Unsurprisingly.
At least in September
A rather gloomy outlook
Rating agency sees coronavirus shock pushing debt to 80% of GDP
Inflation becomes crucial at once
Gap could swell to 7-9% of GDP
Budget deficit target can no longer be maintained
Key June figures await release
GDP seen contracting 5%, budget gap over 4.0% of GDP
Detailed data published
H1 deficit is five times as large as the annual goal
Deficit target set at 2.9% of GDP
Uncertainties abound