The Government, which took office in 2010, has put the Hungarian state budget on a sustainable path, and this achievement has also been acknowledged by Brussels: on 29 May, the European Commission announced that it proposes to the European Union’s Economic and Financial Affairs Council (Ecofin), composed of EU ministers, to abrogate the Excessive Deficit Procedure (EDP) against Hungary, which was commenced in 2004.

For more informations please check the attached document on the right side of the page!

(Ministry for National Economy)