At a regular press briefing, Nagy said the budget draft would be sent to the Fiscal Council in the coming week and submitted to lawmakers on May 2.
Expenditures are close to HUF 35 trillion and revenue around HUF 34 tln in the draft, he added.
The draft targets a 3.7%-of-GDP deficit, he said.
Calculated with the European Union’s accrual-based accounting rules, the deficit target stands at HUF 3.7 tln, while the cash flow-based gap is set to reach HUF 4.1 tln, he added.
The draft budget assumes GDP growth of 4.1% and average annual inflation of 3.6%.
In absolute terms, GDP is set to rise to HUF 95 tln from HUF 88 tln in 2024.
The chance of peace gives the government the chance to return to a policy tax cuts, a policy that will be focused on families, he said.
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