Ministry of Finance
News
New proposed tax package leaves common public charges either lower or unchanged
Ministry of Finance, May 15, 2015 1:01 PM
The special characteristic of the tax package accompanying the 2016 Budget Bill is that it is the shortest of its kind in a decade, consisting only of slightly more than 30 articles that include no new tax types or higher tax rates. Accordingly, common public charges will be lower or left unchanged, Minister of State for Parliamentary Affairs András Tállai said.
Next year’s budget leaves more money at families
Ministry of Finance, May 15, 2015 11:47 AM
The 2016 Budget Bill leaves more money at households through tax reductions, but also on the expenditure side, there will be several fields for which more funding will be allocated, Minister of State for Public Finances Péter Benő Banai told public broadcaster TV1.
Hungary committed to comply with EBRD agreement
Ministry of Finance, May 15, 2015 9:35 AM
Hungary is fully committed to comply with the MoU concluded in February this year with the European Bank of Reconstruction and Development, especially with the clause on gradually reducing the bank tax as of 1 January 2016, Minister for National Economy and EBRD Governor Mihály Varga reiterated following a meeting with EBRD President Suma Chakrabarti in Tbilisi.
EBRD takes an upbeat stance on Hungary’s growth outlook
Ministry of Finance, May 14, 2015 4:10 PM
In comparison to the prognosis published at the beginning of the year, the European Bank for Reconstruction and Development upgraded Hungary’s growth forecast for 2015 by 0.2 percentage points to 2.6 percent of GDP, while the institution predicts 2.3 percent expansion for 2016.
2016 Budget Bill submitted to Parliament
Ministry of Finance, May 13, 2015 2:40 PM
The Budget of 2016, drafted in the spirit of calculability, predictability and consistency, is more than purely a financial plan: it is the most important pillar of creating a civic Hungary. It is important to enable every Hungarian to experience financial stability, predictable fiscal management and the effects of economic growth. Next year, everybody will make some progress.
Hungary’s GDP growth above 3 percent year-on-year
Ministry of Finance, May 13, 2015 11:15 AM
In Q1 2015, Hungary’s GDP was 3.4 percent higher compared to the same period of the previous year, while it was up by 0.6 percent quarter-on-quarter.
Industrial output grew by some 12 percent in March 2015
Ministry of Finance, May 12, 2015 10:56 AM
This year, Hungarian industrial output growth has gathered speed, as in March 2015 output was 11.6 percent higher year-on-year, and this has been the nineteenth consecutive month when the sector showed expansion.
IMF upgrades Hungarian economic growth forecast
Ministry of Finance, May 11, 2015 3:36 PM
The report of the International Monetary Fund on Central, Eastern and South-Eastern Europe published earlier today paints a positive picture of the current and future economic situation of the region.
Turnover at accommodation establishments up by 9 percent in March 2015
Ministry of Finance, May 11, 2015 2:52 PM
In March 2015, the remarkable tourism turnover growth at accommodation establishments continued: the number of guests and tourism nights soared by 9 percent and 7.5 percent, respectively, while the revenues at accommodation establishments grew by 9.4 percent year-on-year. In terms of concrete data, in the observed period 630 thousand guests spent 1.5 tourism nights at accommodation establishments, and respective revenues totalled HUF 11.8bn in the third month of the year.
Budget balance in favourable position
Ministry of Finance, May 7, 2015 4:39 PM
The deficit of the central sub sector of the state budget was HUF 609.8bn at the end of April 2015. Within that, the central sub sector closed the month with a deficit of HUF 643.6bn, while Social Security Funds and Extra Budgetary State Funds posted surpluses of HUF 23.6bn and HUF 10.2bn, respectively. In comparison, the deficit of the central sub sector of the state budget was HUF 951.2bn at the end of April 2014.