András Kármán showed where he would like the state to save on its operations in 2027

Kármán András, the Hungarian Finance Minister, outlined plans for significant budget cuts in 2027 during a recent press conference. The government aims to reduce expenditures while ensuring fairness through structural reforms. Key savings will come from the absence of certain one-time payments and the discontinuation of specific state support programs. However, increased energy support costs are anticipated due to the ongoing energy crisis. The budget aims for a primary deficit of -1.1% and a debt reduction from 75.5% to 75.2% of GDP. Economic growth is projected at 2.4%, with household consumption expected to rise by 4.1%. The government emphasizes the importance of sustainable economic growth for long-term fiscal stability.