Finance min submits draft budget focusing ensuring security, growth

Hungary's finance minister on Tuesday submitted the government's draft 2023 budget to parliament, declaring the bill would "protect the government's achievements, ensure the security of Hungarian families and keep the economy on a growth path." The budget had been calculated with an economic growth target of 4.1 percent of GDP, a budget deficit target of 3.5 percent, and a public debt level of 73.8 percent of GDP by the end of next year, Mihaly Varga told a press conference before handing over the proposal to Speaker of Parliament Laszlo Kover. Inflation is expected to average 5.2 percent in 2023, he added.