Finance Minister: 2025 budget planning under way

An amendment to this year's budget and planning for the 2025 budget are in the pipeline, foreseeing a lower deficit, declining public debt and stronger economic growth, Mihaly Varga, the finance minister, said after meeting the head of the Fiscal Council on Tuesday.

Finance Minister: Government committed to balancing budget

Hungary's government is committed to restoring balance to the central budget as soon as possible as well as to keeping the deficit as small as possible and the public debt on a downward path, Finance Minister Mihaly Varga said in Brussels on Tuesday.

Budget posts HUF 1,704 billion deficit in February

Hungary's cash flow-based budget, excluding local councils, posted a deficit of 1,704 billion forints (EUR 4.321bn) at the end of February, the finance ministry said on Friday, citing preliminary data.

Szijjarto: Hungary-US trade broke record in 2023

Hungarian-American bilateral trade set a new record, exceeding 9 billion dollars last year, while US investments continue to flow into Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said in Washington, DC, on Thursday, noting that the United States is Hungary's biggest ...

Trade surplus nears half a billion euros in January

In January the surplus of the external trade in goods amounted to EUR 497 million, the external trade in goods level increased by 12% on the export side, and was up by 4.2% on the import one, month-on-month

Retail sales return to growth in January

In January 2024, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year. Calendar-adjusted sale volumes increased by 0.2% in specialized and non-specialized food shops and by 4.6% in automotive fuel ...