Parliament passes 2023 budget

By: Gáspár Kinga Date: 2022. 07. 19. 10:39

Hungary’s parliament on Tuesday passed the government’s draft budget for 2023, with 135 votes in favour and 54 votes against.

The budget calculates with a GDP growth of 4.1 percent, a 3.5 percent-of-GDP target deficit, and 5.2 percent inflation. Source: dailynewshungary.com https://dailynewshungary.com/parliament-passes-2023-budget/

The voted unified proposal deals

  • with economic growth of 4.1 percent,
  • with a deficit target of 3.5 percent of GDP,
  • with the national debt falling from the expected 76.1 percent of the gross domestic product at the end of 2022 to 73.8 percent,
  • and expects inflation of 5.2 percent.