Government Targets 2022 Budget Deficit Target at 4.9% / GDP


The government has saved 755 billion forints by postponing several public investments, allowing it to lower its 2022 budget deficit target to 4.9% of GDP from 5.9% and continue reducing the public debt, Mihály Varga, the finance minister, said.


Hungary’s budget also has the resources to cover measures such as family tax rebates, the 13-month pension, personal income tax exemptions for those under 25 and wage increases, he said.

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