Hungary recorded a Government Budget deficit equal to 6.50 percent of the country's Gross Domestic Product in 2023. Government Budget in Hungary averaged -5.06 percent of GDP from 1995 until 2023, reaching an all time high of -1.80 percent of GDP in 2016 and a record low of -9.30 percent of GDP in 2006. source: Hungarian Central Statistical Office

Government Budget in Hungary is expected to reach -3.20 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Government Budget is projected to trend around -3.30 percent of GDP in 2025, according to our econometric models.

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Hungary Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 73.90 76.70 percent of GDP Dec 2022
Government Budget -6.50 -6.20 percent of GDP Dec 2023
Government Budget Value 54.40 -219.00 HUF Billion Jan 2024
Government Spending 1113343.00 1120710.00 HUF Million Sep 2023
Government Spending to GDP 48.80 48.40 percent of GDP Dec 2022
Government Revenues 3321.79 4852.27 HUF Billion Jan 2024
Government Debt 52929.65 50865.18 HUF Billion Jan 2024
Fiscal Expenditure 3267.34 5371.34 HUF Billion Jan 2024
Credit Rating 60.00 Feb 2024
Asylum Applications 0.00 0.00 persons Jan 2024
Military Expenditure 2572.20 3060.10 USD Million Dec 2022

Hungary Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-6.50 -6.20 -1.80 -9.30 1995 - 2023 percent of GDP Yearly