The pencil didn't run away, but in one area, the government is "somewhat optimistic" about its medium-term plans.
Péter Virovácz from ING commented on Hungary's medium-term budget plans, indicating that while growth forecasts are stable, external factors pose risks. The government aims to reduce the deficit below 5% next year and gradually decrease public debt. Virovácz noted that achieving a 3% growth by 2029 is ambitious due to structural limitations. He expressed cautious optimism about employment growth but highlighted demographic challenges. The plan relies on Germany's economic recovery, though Virovácz warned against over-reliance on it. The budget will need strict adherence to be successful, with analysts believing it is largely achievable.