Hungary Targets 2027 Budget Deficit of 4.9% of GDP
Prime Minister Peter Magyar said the 2027 budget will target a deficit of 4.9% of GDP, down from an expected 7.5% this year. The budget aims to bring the deficit below the EU's 3% ceiling.
Hungary's 2027 budget will target a deficit of 4.9% of gross domestic product, sharply down from an expected 7.5% gap this year, Prime Minister Peter Magyar said on Monday.The 2027 budget is seen as a key credibility test for Magyar as he tries to curb the deficit to below the EU's 3% target ceilin…