Hungary Sees Budget Deficit Falling to 2.8% of GDP by 2030
Prime Minister Peter Magyar said the Finance Ministry forecasts a deficit of 4% in 2028, 3.4% in 2029 and 2.8% in 2030, below the EU’s 3% ceiling.
Prime Minister Peter Magyar said on Tuesday that Hungary’s government expects the budget deficit to decline to 2.8% of economic output by 2030, below the European Union’s 3% ceiling. Magyar said the Finance Ministry forecasts a deficit of 4% in 2028 and 3.4% in 2029, falling below 3% to 2.8% in 2030.