National Economy Ministry: Hungary’s budget would preserve stability in coming years

In an assessment published on Thursday, the European Commission acknowledged that Hungary’s budget would preserve stability in the coming years.

The National Economy Ministry said that “intensive negotiations” with EC experts to clarify issues had preceded the EC’s endorsement of Hungary’s national medium-term fiscal-structural plan.

In its assessment, the EC said Hungary’s fiscal deficit and state debt levels would decline in the coming years, despite the unfavorable external economic conditions.

The ministry said Hungary’s government remained committed to a disciplined fiscal policy and aimed to reduce the budget deficit, relative to GDP, to 3.7pc in 2025 and 2.9pc in 2026, while bringing state debt levels under 70pc.

The government is committed to “harmonising” the budget balance and economic growth as both “go hand in hand”, it added.