It is now clear who will pay for the turnaround: we looked at Tisza's first budget

Hungary's new budget aims to fulfill election promises while significantly reducing the deficit. Prime Minister Kármán András emphasizes increased spending on pensions, families, and public services, alongside cuts in state operational costs. The government targets a deficit below 3% by 2030 to meet euro adoption criteria. Investors show initial confidence, but sustainable revenue and savings are crucial for maintaining trust. The budget includes measures like doubling family allowances and raising the minimum pension. However, much of the deficit improvement relies on one-off expenditures and increased corporate taxes. The government plans to maintain special taxes on large companies and expects higher revenues from corporate taxes and innovation contributions. Local governments will see some relief, but the controversial solidarity contribution remains, albeit reduced. Overall, the budget reflects a complex balancing act between spending and revenue generation.