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2024 Inflation Likely to Be Under Assumption in Budget - Orbán

Government

Photo by Gints Ivuskans / Shutterstock.com

Next year's average annual inflation appears "more likely" to be under the 6% assumption in the 2024 budget act which lawmakers approved in the summer, Prime Minister Viktor Orbán said in an interview with commercial television broadcaster TV2 on Wednesday.

Orbán said average annual inflation could even reach 5% next year. "I feel that we're on a good path," he added.

The National Bank of Hungary put next year's average annual inflation at 4.0-5.5pc in its latest Inflation Report discussed by central bank policymakers on Tuesday.

Orbán said restarting economic growth was a "realistic goal" for 2024.

He reiterated Hungary's position against taking EUR 50 bln out of the European Union budget for Ukraine. Hungary advocates resolving the funding issue outside of the EU budget, he said.

The government aims to clear up most of the tensions over the matter at talks on the sidelines, he added.

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