www.wowbiz.ro/ungaria-vrea-sa-reduca-deficitul-bug

The Hungarian government aims to reduce the budget deficit to 4.9% of GDP by 2027, down from an estimated 7.5% this year. Prime Minister Peter Magyar outlined measures including limiting public spending, combating corruption, and introducing higher taxes for the wealthy and large companies. Despite the deficit reduction goal, the 2024 budget includes significant spending increases for pensions and public sector salaries. The plan also proposes a wealth tax and higher corporate taxes to generate additional revenue. Magyar's administration targets a long-term deficit below 3% by 2030, balancing fiscal discipline with social support and investment funding.