Lawmakers approve 2022 budget
Image by Shutterstock.com
Parliament approved the 2022 budget, which the government expects to support the recovery and put Hungary back on the growth path, on Tuesday, according to a report by state news wire MTI.
The budget was approved with a vote of 132 for, 26 against, and no abstentions.
The budget targets expenditures of nearly HUF 28.547 trillion and revenue of almost HUF 25.394 tln, putting the deficit at about HUF 3.153 tln.
The budget puts the ESA accrual-based general government deficit at 5.9% of GDP and targets a reduction in year-end state debt relative to GDP to 79.3% from a targeted 79.9% at end-2021.
It calculates with GDP growth of 5.2%.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
