Story perspectives

Magyar Flags 7% Deficit, Orders Bank, Asset Review

6/30/2026

Summary

Magyar Announces Budget Review

Prime Minister Peter Magyar told Parliament the previous government left the budget in a bad state with a deficit that could approach 7 % of GDP by year-end, exceeding the EU 3 % limit.
He announced a review of the Hungarian National Bank’s operating principles, including an examination of state-asset sales.
He said the government will examine private-equity funds, the Budapest-Belgrade railway, and the financing of the Paks-2 nuclear plant.

Summary

Magyar Warns

A poll after the weekend cabinet session showed historic low Fidesz support.
Magyar warned that boards transferring assets after the 31 August dissolution would face liability and limit activity to operations.
The prime minister said budget depends on EU funds unlikely to arrive, leaving obligations of thousands of billions of forints, and that 91 bridges are in critical condition while Pilisszentkereszt meeting reviewed public-media and illegal-migration policies without concrete steps.

1 of 2

Magyar Announces Budget Review

Prime Minister Peter Magyar told Parliament the previous government left the budget in a bad state with a deficit that could approach 7 % of GDP by year-end, exceeding the EU 3 % limit.
He announced a review of the Hungarian National Bank’s operating principles, including an examination of state-asset sales.
He said the government will examine private-equity funds, the Budapest-Belgrade railway, and the financing of the Paks-2 nuclear plant.

1 / 2