Márton Nagy: fiscal policy will play a greater role in economic recovery

By: Trademagazin Date: 2025. 12. 01. 12:00

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

Minister of National Economy Márton Nagy spoke at his annual hearing on Monday in the Budget Committee of the Parliament: the war environment and the weakness of the German economy are holding back Hungarian industrial performance, exports and investments. According to the minister, the strict monetary policy is currently having a negative impact on growth.

According to his statement, the government intends to stimulate the economy with fiscal means, through increased consumption and an increase in real wages. In the longer term, however, he considers investment-led growth to be the goal.

He said: strengthening internal demand can also support the operation of domestic businesses.

According to the minister, as a result of this budgetary policy, the deficit as a percentage of GDP was increased to 5 percent in both 2025 and 2026. He added: this level does not yet entail an EU excessive deficit procedure.