Hungary Targets 4.9 Percent Deficit in Budget
Hungary unveiled a draft budget targeting a 4.9 percent deficit for next year. Prime Minister Peter Magyar aims to curb overspending and secure euro adoption.
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Hungary will target a deficit of 4.9% of GDP in 2027, Prime Minister Peter Magyar said Monday afternoon, unveiling a draft plan to test its euro ambitions. The target beats the 5.3% shortfall expected by analysts in a Reuters poll and undercuts the estimated 7.5% deficit inherited from the former government. The plan serves as a credibility test for the country's push to adopt the EUR/HUF currency framework over the next decade.
