Hungary pledges new economic path for 2030 euro goal
Finance Minister Karman pledged a new economic path to meet euro goals by 2030. The government aims to cut the deficit and secure suspended EU funding.
Xurve View
Xurve View
Hungary Finance Minister Andras Karman pledged a four-year plan to cut the budget deficit toward 3% of GDP by 2030. Prime Minister Peter Magyar's government inherited a 5% deficit and stagnant growth after ousting Viktor Orban in April. Restoring fiscal credibility and securing suspended European Union funding are critical to revive Hungary's economy.
Magyar's centre-right government has pledged to put Hungary on a pro-European course. Orban's reforms were seen as harming democracy, prompting the EU to suspend billions in funding. Releasing these funds is essential for economic recovery.
