Hungary budget deficit risks overshooting target after Orban spending spree

7 articles · Updated · Bloomberg · May 5

Incoming Prime Minister Peter Magyar said the deficit could reach 6.8% of GDP this year, above the original 3.9% target and a later 5% revision.
In a social media post on Tuesday, Magyar accused predecessor Viktor Orban of a last-minute surge in spending that endangered Hungary's fiscal plans.
The warning points to mounting budget pressure for Hungary's next government as it prepares to take office and manage a wider-than-targeted deficit.

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