Ministry of Finance

Mihály Varga

Minister of Finance

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EU finance ministers discussed options for bolstering eurozone stability

Ministry of Finance, September 10, 2018 10:37 AM

A balanced and stable euro-zone continues to be important for Hungary, Minister of Finance Mihály Varga said, following an ECOFIN meeting in Vienna.

Public finances show fiscal stability

Ministry of Finance, September 7, 2018 1:38 PM

Thanks to the Government’s economic policy measures, fiscal revenues continued to rise in the first eight months of the year while expenditures related to various projects of social purposes have also increased. The ESA deficit target of 2.4 percent of GDP and the GDP growth target of above 4 percent for the year 2018 are realistic and attainable.

It will be more worthwhile discussing the EU budget with the new European Commission

Ministry of Finance, September 6, 2018 12:50 PM

According to Minister of Finance Mihály Varga, there may be no point in negotiations on the upcoming EU budget with the current European Commission in view of the fact that following the 2019 European Parliament elections a new body will be formed, and its President is not expected to be called Jean-Claude Juncker.

Cooperation in the CEE region is growing stronger

Ministry of Finance, September 6, 2018 8:27 AM

Economic and social progress in the CEE region is essential for a successful EU cohesion policy, Minister of Finance Mihály Varga said at the Krynica Economic Forum, where countries involved discussed the elaboration of the EU Carpathian Region Macro-regional Strategy.

Hungary to participate in IBRD’s capital increase

Ministry of Finance, September 5, 2018 2:20 PM

The Minister of Finance received in his office the Executive Director at the Board of the World Bank Group Franciscus Godts and assured him of Hungary’s support for the capital increase at the International Bank for Reconstruction and Development (IBRD).

Hungarian economy’s growth is larger than previously reported

Ministry of Finance, September 5, 2018 11:10 AM

In Q2 2018, Hungary’s GDP grew by 4.8 percent year-on-year, which figure is 0.2 percentage points higher than the preliminary reading was.

Amount of investment in Hungary totalled HUF 3100bn (EUR 9.5bn) in H1 2018

Ministry of Finance, August 30, 2018 2:31 PM

In H1 2018, the volume of investment was up by 13.4 percent year-on-year, rising to a total of HUF 3113bn. Investment was higher in almost every economic sector, and this has also contributed to robust GDP growth. In Q2 2018, the indicator showed growth of 15.3 percent year-on-year (totalling HUF 1 852bn).

Anti-immigration tax to take effect today

Ministry of Finance, August 30, 2018 1:56 PM

In the interest of protecting Hungary – in addition to the border fence, the reinforced protection of the borders and legal border closure – the government has also implemented a new tax policy measure. It has introduced an anti-immigration tax; the relevant provisions are taking effect on 25 August 2018.

4.5 million people have a job in Hungary

Ministry of Finance, August 29, 2018 3:27 PM

The number of people in employment increased by 774 thousand compared to the time when the first cabinet of PM Orbán was formed in 2010. The bulk of growth was registered in the public sector, where the number of new jobs was up by 625 thousand in the same period, Minister of Finance Mihály Varga said, commenting on the latest jobs data released by the Hungarian Central Statistical Office (KSH).

We can build a strong country together

Ministry of Finance, August 23, 2018 8:17 AM

20 August is the celebration of the outstanding performance which manifested itself in the establishment of a new, united, Christian Hungary, Minister of Finance Mihály Varga pointed out at the event held in the City of Eger on the occasion of the national holiday. The Finance Minister attended Holy Mass in the Basilica which was celebrated by Archbishop of Eger Dr Csaba Ternyák.