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120 new news items in the last 24 hours
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  2. Economy

Hungarian Prime Minister Viktor Orban states that spending cuts are not necessary to reduce the budget deficit, emphasizing that social policies will be maintained.

Sanziana Georgescu
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31 January 2026, 16:51
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The Hungarian Prime Minister Viktor Orban stated that, in the event that his party Fidesz wins the elections in April, no spending cuts will be necessary to reduce the budget deficit. Orban emphasized that the party's emblematic social and economic policies will continue, rejecting assessments from analysts suggesting that Hungary would require austerity measures. Hungary's economy is stagnating, affected by inflation caused by the Russian invasion of Ukraine, and Orban promised to maintain the subsidized interest rate on mortgage loans and continue the tax exemption for mothers with two children.


The government has also launched a support program for the restaurant industry, in an attempt to counter the rise of the conservative Tisza party. Analysts warn that regardless of the election winner, fiscal adjustments will be inevitable.

Sources

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Digi24
Ce spune Viktor Orban despre adoptarea unor măsuri de austeritate după alegerile din aprilie. Economiştii au lansat deja un avertisment
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Economica
Viktor Orban spune că Ungaria nu are nevoie de măsuri de austeritate: Nu trebuie să luăm nimic de la oameni

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