Nagy: Government has approved the main figures of the 2026 budget
Minister Nagy said the budget draft would be sent to the Fiscal Council in the coming week and submitted to lawmakers on May 2.
Márton Nagy, National Economy Minister, said the government has approved the main figures of the 2026 budget.
At a regular press briefing, Minister Nagy said the budget draft would be sent to the Fiscal Council in the coming week and submitted to lawmakers on May 2.
Expenditures are close to HUF 35,000bn and revenue around HUF 34,000bn in the draft, he added.
The draft targets a 3.7pc-of-GDP deficit, he said. Calculated with the European Union's accrual-based accounting rules, the deficit target stands at HUF 3,700bn, while the cash flow-based gap is set to reach HUF 4,100bn, he added.
He said the primary deficit — which excludes interest expenditures — would be zero. The state debt ratio is set to fall from 73.1pc to 72.3pc at end-2026, he added.
The draft budget assumes GDP growth of 4.1pc and average annual inflation of 3.6pc. In absolute terms, GDP is set to rise to HUF 95,000bn from HUF 88,000bn in 2024.
The chance of peace gives the government the chance to return to a policy of tax cuts, a policy that will be focused on families, he said.
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