The package, signed by Prime Minister Péter Magyar, requires immediate review of all lending‑related subsidies to meet EU Recovery and Resilience Plan milestones.
By late August, Széchenyi Card products will adopt interest rates tied to the 3‑month BUBOR, and mandatory guarantees will become optional.
The government will lower the 2026 counter‑guarantee ceiling from HUF 12,800 billion to HUF 11,200 bln, with savings reflected in the 2027 budget and next year’s guarantee framework adjusted accordingly.
It will also review MFB‑related guarantees and prepare a multi‑year phase‑out plan for unnecessary schemes. Hungary will formally commit to the European Commission by the end of August to reduce state guarantees to the EU average and implement the reforms.
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