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HUNGARY: Budget Watchdog Flags Risks to 2025 GDP Growth Target

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion

Comments from Hungary’s budget watchdog on the fiscal and growth outlook have been crossing the wires. Below highlights via Reuters:

  • Government's 3.4% GDP growth assumption in 2025 draft budget can be reached, but there are risks to growth.
  • Risks to 2025 GDP growth include Ukraine war, EU funds, Mideast conflict, trade wars.
  • Risks to 2025 deficit target include lower GDP growth, uncertainty over EU funds.
  • Size of HUF 100bln worth of extraordinary reserves in budget is low compared to size of risks identified.
  • Debt reduction targeted in 2025 looks realistic.
  • Rising share of FX debt in total debt stock represents risks due to exchange rate sensitivity.
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Comments from Hungary’s budget watchdog on the fiscal and growth outlook have been crossing the wires. Below highlights via Reuters:

  • Government's 3.4% GDP growth assumption in 2025 draft budget can be reached, but there are risks to growth.
  • Risks to 2025 GDP growth include Ukraine war, EU funds, Mideast conflict, trade wars.
  • Risks to 2025 deficit target include lower GDP growth, uncertainty over EU funds.
  • Size of HUF 100bln worth of extraordinary reserves in budget is low compared to size of risks identified.
  • Debt reduction targeted in 2025 looks realistic.
  • Rising share of FX debt in total debt stock represents risks due to exchange rate sensitivity.