In the past couple of months in the midst of a protracted financial-economic crisis the government implemented structural reforms by which state budget balance was made sustainable and general government debt was also set on a downward path. Due to the fiscal trend reversal, the deficit will certainly and steadily remain below 3 percent, consequently next year the Hungarian economy will begin to expand on the basis of firm fundamentals. The Budget Bill of 2013 submitted to parliament on 15 June by the government sets a deficit target of 2.2 percent which – via one of the most stable fiscal management policies of Europe – will adequately respond to the challenges imposed by the debt crisis.

You can find the analysis in the attached document on the right side of the page!

(Ministry for National Economy)