In its statement sent to MTI on Monday, the Ministry of Finance emphasized:
the government is committed to improving the balance sheet, has reduced the deficit and debt despite the protracted war and the sanctioned energy crisis, and will continue to do so in the coming years.
The government reformed the system of decision-making forums in order to strengthen budgetary discipline, and the budget working group examines the decisions of the cabinets with this in mind, the announcement states.
The Hungarian economy is back on the growth track, and in the next period it can grow at a sustained high rate, above the EU average, they wrote.
Next year, the deficit target set at 2.9 percent of GDP, which may fall below 2 percent by 2026, serves as a compass for the government. The public debt in proportion to GDP may fall to 66.7 percent next year, and below the Maastricht criterion of 60 percent by 2026, the PM reminded.
