Hungary PM Magyar: 2026 budget deficit could exceed 7% of GDP; Would have exceeded 8% of GDP without agreement on EU funds;

**Insight: European Commission projected Hungary’s 2026 general government deficit at 6.2% of GDP, while Hungary remains under an EU excessive-deficit procedure requiring correction toward the 3% treaty threshold. - - Follows a May 2026 deal to unlock about €16.4B of EU funds, a large support package reportedly equal to roughly 13% of GDP