Budget deficit narrows to HUF 3,264.9 billion in September
Hungary's cash flow-based budget deficit narrowed to 3,264.9 billion forints (EUR 8.4bn) at the end of September on a surplus of 33.7 billion forints for the month, the finance ministry said in a first release of data on Monday.
Trade surplus widens to EUR 708 million in August
Hungary's trade surplus reached 708 million euros in August, widening from 559 million euros in the previous month, the Central Statistical Office (KSH) said in a first reading of data on Monday.
August industrial output down 5.3 percent
Output of Hungary's industrial sector in August fell by an annual 5.3 percent, after dropping 2.6 percent in the previous month, the Central Statistical Office (KSH) said on Friday.
2023 deficit revision makes 2024 target ‘challenging’ – Fitch
Hungary's decision to raise its 2023 budget deficit target to 5.2 percent of GDP from 3.9 percent makes reaching next year's 2.9 percent target "more challenging"; at the same time, inflation is expected to fall sharply, Fitch Ratings said on Friday.
Retail sales down 7 percent in August
Retail sales in Hungary fell by an annual 7.0 percent in August, dropping for the ninth month in a row, the Central Statistical Office (KSH) said on Wednesday.
Szijjarto: Hungary economic outlook positive despite poor European environment
Hungary's economic outlook is positive regardless of the poor European environment, the minister of foreign affairs and trade said on Tuesday, hailing the government's strategy to make the country a meeting point for Eastern and Western investors.
Finance Ministry: Government to reduce the budget deficit, public debt this year
Due to the need to increase spending to protect key programmes in the budget amid the current crisis situation, the government has decided to raise the budget deficit target to 5.2 percent of GDP, which is nevertheless 1 percentage point lower than the shortfall ...
Government sector deficit 3.1 percent of GDP in Q2
Hungary's government sector had a 570 billion forint (EUR 1.5bn) deficit in the second quarter, equivalent to 3.1 percent of GDP, according to preliminary data released by the Central Statistical Office (KSH) on Tuesday.
Varga: Hungarian tax system to remain competitive despite global minimum tax
The government aims to preserve the competitiveness of its tax system, notwithstanding implementation of the global minimum tax, Mihaly Varga, the finance minister, told the heads of large Hungarian companies.
Economic development minister: Growth, fiscal balance can be restored simultaneously
Economic growth and the fiscal balance in Hungary can be restored by increasing real wages, which is key to stimulating consumption and speeding up growth, the economic development minister said in Budapest on Monday.
