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Hungarian Budget Navigates Challenges in 2023, Prioritizes Economic Recovery in 2024

The government’s primary focus for the current year is the restoration of economic growth while continuing to reduce the budget deficit and national debt….
Finance Minister Mihály Varga holds a press briefing at the headquarters of the Hungarian State Treasury on 7 December 2023.

Finance Minister: Average Inflation Rate Estimate for 2024 5.2 Per Cent

The minister noted a ruling by Hungary’s Supreme Court, declaring that Budapest could not be even partially exempt from its obligation to pay its taxes. Varga said if the Budapest city council failed to meet its obligations, the government ‘will…
Viktor Orbán arrives for the two-day meeting of EU heads of state and government in Brussels on 15 December 2023.

2024 — The Year of Sovereignty Protection

As for 2024: once we have passed the most difficult and dangerous year, we can move on to the next one, the year of sovereignty protection. We who are interested in Hungary remaining a Hungarian country….
Viktor Orbán speaking at the international press conference held as part of the Government Info press briefing on 21 December 2023.

Viktor Orbán Talks Ukraine, EU Issues at ‘Year in Review’ Press Conference

At the year-end press conference, PM Orbán explained why he chose to veto the €50 billion aid package to Ukraine at the recent EU Summit, how he views the potential Ukrainian and Swedish NATO accession, and what he believes the…
Finance Minister Mihály Varga and Zoltán Kurali, CEO of the Government Debt Management Agency arrive for a press briefing in the Ministry of Finance on 1 December 2023.

Hungarian Government Maintains Budget Stability Amidst Global Challenges

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local…

Viktor Orbán: Policies Built on Ethnic Foundations Have a Future in the Carpathian Basin

According to the Hungarian government, ‘preserving the ethnic foundations is our joint responsibility’, and as long as that exists, the politics based on ethnic groups also has a future, the Hungarian prime minister said….

Hungarian Economy Expands in the Third Quarter

Hungary’s economy expanded by 0.9 per cent in the third quarter of this year compared with the previous quarter, adjusted data show, and contracted by 0.4 per cent year on year, based on unadjusted data, the Central Statistical Office (KSH)…

Viktor Orbán Reiterates the Government’s Stance on Migration and Hungary’s Economic Outlook

In his regular Friday morning interview with public Kossuth radio, Viktor Orbán addressed issues such as migration, the economy and Ukraine’s EU accession….

Single Digit Inflation on the Horizon, Chief of the PM’s Office Says

During a scheduled press conference, Gergely Gulyás said the government expects inflation to drop significantly by the end of November. Regarding the frozen EU funds, he noted that Hungary is obviously functioning without them as well….

Families Prefer to Keep Savings in Government Bonds, Ministry Says

As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits….

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