Parliament Approves 2018 Budget

Help for Hungarian families

MH – 2017.06.15. 20:41 –

The new budget helps families, government politicians emphasised after the bill was approved by the parliament.

Hungarian lawmakers approved with 127 votes in favour (and 62 against) the budget bill of the government. The budget targets revenue of 18,751.5 billion forints, expenditures of 20,112.1 billion forints, leaving a deficit of 1,360.7 billion forints. The deficit is over the 1.166.4 billion forint gap targeted for 2017. The 2018 deficit target as a percentage of GDP is 2.4 percent, calculated with European Union accounting rules.

The new budget helps the strenghtening of families, the Minister of National Economy, Mihály Varga emphasised. It also lets everyone to make a step forward, Fidesz group leader Lajos Kósa said.