July 21st, 2019 AAAA
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Parlt approves 2020 budget

July 12th, 2019

Lawmakers approved the 2020 budget on Friday with a vote of 127 for, 58 against and no abstentions. The budget targets revenue of 21,426.0 billion forints and expenditures of 21,793.0 billion forints, producing a deficit of 367.0 billion forints. The 2020 deficit target is less than half of the 998.4 billion forint target for 2019. Hungary's year-end public debt level, relative to GDP, is set to fall from 68.6 percent targeted for 2019 to 65.5 percent for 2020.


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