AA

Hungary Significantly Increases its Financial Reserves

2021. december 10.

About Hungary

The government has decided to delay some investments, significantly increasing Hungary's financial reserves this year by a total of HUF 350 billion while reducing public debt. 

Hungary's economic recovery is a success: Economic output grew this year by 6.1 percent, investment expanded by over 12 percent, employment rose to 4.7 million, and the unemployment rate fell below 4 percent. This means that the Hungarian economy will need to be stimulated to a lesser extent through public investment.

More...

featured image Finance Minister Mihály Varga; via Szilárd Koszticsák, MTI