2025 Budget: Focus on Economic Growth and Fiscal Discipline [Video]

Finance Minister Mihály Varga (L) hands over the 2025 draft budget to János Latorcai, Vice President of the National Assembly.

The 2025 budget can be a budget of new opportunities, new economic policy, and peace, Finance Minister Mihály Varga said at the ceremonial presentation of the 2025 budget draft in parliament on Monday.

The politician noted that the post-epidemic period, the war, and the uncertain international environment required changes in the budget compared to previous years, which is why it was submitted later. Despite this, the outlook is encouraging, with a good chance that the world will move towards peace following the outcome of the U.S. elections, he added.

The minister stressed that economic growth has started this year, and the Hungarian economy’s performance will increase in 2024, with a pick-up in consumption as wages rise.

Based on the forecasts of international institutions, the Hungarian economy is expected to be among the best performers in …