The budget ended in surplus in January, but only thanks to EU transfers, and the surplus should be much larger if all goes well.

The Ministry of Finance announced that the budget closed in January with a surplus of 54.4 billion Hungarian forints. At the moment, the Ministry has only published preliminary data, and the announcement does not reveal how tax revenues will develop, but the Ministry states that in the first month, the European Commission transferred 226 billion Hungarian forints to support the EU, i.e. 191 billion Hungarian forints. More than the amount last January. If this money had not arrived, the government would have started the year with a large deficit – he notes in his article People's word.

Which is somewhat worrying regarding the year as a whole, given that the budget usually opens in January with a large surplus of between 100 and 200 billion HUF, and this is usually the last month of the year without a deficit. In January, the VAT surplus from December and the Christmas movement flows into the budget, in addition to the tax due on bonuses paid in December and regular wages. For this reason, January should end with a strong surplus.

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Those controlling the government's economic policy have now made it clear that the Cabinet does not intend to maintain the deficit target of 2.9 percent of GDP set in this year's budget law. This was first promoted by Marton Nagy of National Economy, and Finance Minister Mihaly Varga finally stated that it is more realistic to reach the 2.9 percent required by EU rules within two years. So in 2025 at the earliest.