Govt reduces 2020 deficit target

Hungary's government targets a 1.0 percent-of-GDP deficit next year, an assessment of the 2020 budget bill by the Fiscal Council released on Monday shows. The target is under the 1.5 percent-of-GDP target in Hungary's updated Convergence Programme submitted to Brussels in April. The Fiscal Council, established by lawmakers to issue opinions on the planning and execution of the budget, said the 2020 deficit target is achievable.