The government presented how it would boost the Hungarian economy by 2030

The Hungarian government has outlined its economic strategy for 2027-2030, focusing on sustainable budget policies and reducing the deficit below 5% by 2027. The plan aims to create conditions for joining the eurozone by 2030, emphasizing cuts in inefficient state spending and transitioning to productivity-based growth. The government anticipates GDP growth accelerating to 3.1% by 2030, with inflation projected to rise to 3% next year before stabilizing. The strategy addresses previous economic models that relied on easily mobilized labor and capital, which have since diminished, leading to a need for structural reforms and improved resource allocation.