Gov't submits 2023 budget bill

Government

Finance Minister Mihály Varga submitted the government's 2023 budget bill to lawmakers on Tuesday, according to a report by state news wire MTI.

Varga said the "clear goal" of the 2023 budget is to protect the regulated utilities price scheme for households and strengthen the country's military defense. The government's draft budget preserves the results achieved so far, while ensuring security for families and keeping the economy on the growth path, he added.

The budget targets a general government deficit, relative to GDP, of 3.5% and a year-end state debt ratio of 73.8%. It assumes 4.1% GDP growth and 5.2% average annual inflation.

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