Hungary to Loosen Budget, Hit Banks for Orban Election Spending
Hungary to Loosen Budget, Hit Banks for Orban Election Spending
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Hungary to Loosen Budget, Hit Banks for Orban Election Spending

🕒︎ 2025-11-11

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Hungary to Loosen Budget, Hit Banks for Orban Election Spending

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Hungarian Prime Minister Viktor Orban ’s pre-election spending is forcing the government to raise its budget deficit targets, with extra funding to be sourced from banking taxes and foreign-currency bonds. The forint and Hungarian shares fell after reports that the budget shortfall will probably rise to 5% of gross domestic product this year from a previous 4.1% target. The gap will stay at 5% in 2026, subject to the government finalizing the plan, the Economy Ministry said.

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