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Government Projects Economic Growth Rate of 2.5% for this Year

HUNGARY
  • Hungary's government projects an economic growth rate of 2.5% for this year and 4.1% in 2025, a state secretary of the finance ministry said as per MTI. Hungary's economy is able to grow by around 4% in the medium term, Tibor Toth told public broadcaster Kossuth Radio.
  • The government is also reducing the public debt, Toth said, noting that in line with the current Convergence Programme it is set to drop in 2026 to below 70% of GDP from last year's 73.5%.
  • Toth emphasised the government's commitment to reducing the budget deficit, noting it targets a deficit of 4.5% of GDP in 2024, 3.7% in 2025 and 2.9% in 2026.
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  • Hungary's government projects an economic growth rate of 2.5% for this year and 4.1% in 2025, a state secretary of the finance ministry said as per MTI. Hungary's economy is able to grow by around 4% in the medium term, Tibor Toth told public broadcaster Kossuth Radio.
  • The government is also reducing the public debt, Toth said, noting that in line with the current Convergence Programme it is set to drop in 2026 to below 70% of GDP from last year's 73.5%.
  • Toth emphasised the government's commitment to reducing the budget deficit, noting it targets a deficit of 4.5% of GDP in 2024, 3.7% in 2025 and 2.9% in 2026.