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Ministry of Finance

A family of four sitting at the top of a mountain (illustration, Pixabay)

Family Tax Allowance Set to Be Doubled in 2025 and 2026

In a drive to support families amid challenging global conditions, the Hungarian government plans to double the family tax allowance in two stages, maintain tax exemptions for families with four children, mothers under 30, and individuals under 25, and extend…

Leading European Agency Scope Ratings Endorses Hungary for Investment

The agency expects substantial foreign investments in battery production to further attract funding, leading to increased job creation, technological advancements, and enhanced exports. Scope Ratings emphasized that Hungary’s BBB credit ratings are reinforced by the robust structure of external and…

300 Billion HUF of Unlocked EU Funds Arrive in Hungary

Under the scope of the Union’s REPowerEU programme, €779.5 billion have been transferred to Budapest and the amount is now included in the government budget, Finance Minister Mihály Varga announced today. According to Minister for Regional Development Tibor Navracsics, an…

Moody’s: Hungary’s Outlook Remains Stable

The credit rating agency expects a three per cent economic growth in Hungary next year, supported by strong exports, a high investment rate, and rising real wages….

Mihály Varga Speaks of the Importance of Financial Independence

The minister reminded all that the independent Hungarian Ministry of Finance was the first lasting success of the revolution. In April 1848, Lajos Kossuth began working on the establishment of the ministry, and it started its operations in May of…

Public Spending Review Task Force Is Not For Austerity Measures, Ministry of Finance States

The new Task Force set up by the Finance Ministry has been portrayed as a sign of austerity measures to come by the opposition media, however, the Ministry has debunked these speculations in a press release. In their statement, the…

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