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Speaking ahead of an Ecofin meeting, Kármán noted that the Tisza Party had pledged during its campaign to make the release of Hungary’s EUR 10 billion in RRF funding a priority.
The monies have been frozen for close to four years because of concerns over corruption and rule of law under the former Fidesz-KDNP government.
Kármán said the RRF funding would support the green and digital transitions, the development of railway infrastructure, housing and SMEs. That support, he added, would improve the country’s economic competitiveness and aid a return to growth.
Fielding questions, Kármán said the government had inherited a “very difficult” legacy budget that would have resulted in an 8.3%-of-GDP deficit. He added that bringing home Hungary’s EU funding as well as rolling back public interest asset management foundations (Kekvas) would narrow the gap.
“We’re better off now, but we still haven’t finished,” he added. Karman confirmed the government would submit an amended 2026 budget to lawmakers by the end of August.
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