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.

ADVERTISEMENT

World Hurtling Towards Recession and Possible Financial Cris... Analysis

World Hurtling Towards Recession and Possible Financial Cris...

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.