Ministry of Finance
News
The number of people in employment hit the highest level since the regime change
Ministry of Finance, January 5, 2017 3:23 PM
Since the regime change, the number of working people has not been so high in Hungary, and the largest job growth was observed in the private sector, Minister of State for the Labour Market and Vocational Education Péter Cseresnyés said at a press conference in Budapest.
Hungary’s economic outlook is promising
Ministry of Finance, January 3, 2017 11:35 AM
Minister of State for Financial Affairs Ágnes Hornung said that Hungary’s economic outlook was promising, stressing that GDP growth is expected to exceed 2 percent this year despite the lower volume of EU funding absorbed by the economy.
General government debt-to-GDP ratio to decline further
Ministry of Finance, January 2, 2017 3:10 PM
The government debt-to-GDP ratio may decline this year and next, Minister for National Economy Mihály Varga said at a press conference held jointly with Government Debt Management Agency (ÁKK) CEO György Barcza.
Hungary is to strengthen further next year
Ministry of Finance, December 20, 2016 3:25 PM
Thanks partly to the six-year wage agreement concluded in November 2016, Hungary’s economy is expected to expand by more than 4 percent next year, while the fiscal deficit will continue to be below the 3 percent threshold and resume a descending path in 2017-2020, according to the latest macro-economic and fiscal estimate of the Ministry for National Economy. In coming years, the Ministry prognosticates stable economic growth: 4.1 percent in 2017 and 4.3 percent in 2018.
EUR 400 million for rural development
Ministry of Finance, December 15, 2016 4:21 PM
Minister for National Economy Mihály Varga and European Investment Bank Vice President Vazil Hudák have earlier today signed a loan agreement of EUR 400 million to co-finance strategic rural development projects that receive support from the European Agricultural Fund for Rural Development within the programming period 2014-2020.
Hungarian-British economic relations must be safeguarded and strengthened
Ministry of Finance, December 13, 2016 4:25 PM
It is Hungary’s best interest to keep relations as tight as possible between the United Kingdom and the European Union after the Brexit, Minister for National Economy Mihály Varga said after having received EU Chief Negotiator Michel Barnier in the Hungarian Parliament.
New tax package to improve economic competitiveness
Ministry of Finance, December 13, 2016 3:23 PM
The parliament has adopted a package of payroll tax amendments designed to facilitate the realization of a six-year wage agreement signed by the Government and wage negotiation partners on 24 November. In coming years, massive wage hikes can be introduced, while – thanks to the good performance of the Hungarian economy – substantial tax cuts can also be implemented and thus economic efficiency and competitiveness can be boosted, Minister for National Economy Mihály Varga said at a press conference in Budapest.
Kazakhstan celebrates 25 years of independence on 16 December
Ministry of Finance, December 13, 2016 10:07 AM
After our countries had gained independence, a new era has begun in the relations between Hungary and Kazakhstan, Minister for National Economy Mihály Varga said at the festive reception marking 25 years of independence of Kazakhstan.
Pro-competitiveness measures to boost growth unprecedented in the past 26 years
Ministry of Finance, December 9, 2016 1:42 PM
The historic wage deal concluded between the Government and negotiation partners is not only about increasing wages, but also about boosting efficiency and competitiveness – steps that have not been taken in the past twenty-six years, Minister for National Economy Mihály Varga said at the National Assembly, during a debate on a Government proposal concerning the agreement.
Government budget surplus continued to grow at the end of November
Ministry of Finance, December 7, 2016 11:29 AM
The state budget had for fifteen years not been as stable as it was recently. By the end of November 2016, the central sub sector of the state budget has accumulated a surplus of HUF 59.3bn. The favourable trend shows a prudent public finance policy, which benefits every Hungarian.