Ministry of Finance

Mihály Varga

Minister of Finance

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Earnings in real terms gained more than 70 percent since 2010

Ministry of Finance, March 29, 2019 11:14 AM

Earnings in real terms, including family tax allowances, have increased markedly, by more than 70 percent in the period 2010-2018. As in 2017, employees earned an extra month worth of wages in 2018, and this has greatly improved the finances of families.

Brussels attacks Hungary because of low tax rates

Ministry of Finance, March 28, 2019 9:25 AM

Brussels is attacking Hungary because of low tax rates but the Government will not back down and give up the family- and tax cuts-focused economic policy, Minister of State for Parliamentary Affairs András Tállai told MTI.

United States looks upon Hungary as a reliable partner

Ministry of Finance, March 19, 2019 4:42 PM

The cooperation between Hungary and the United States plays an important role in the ever-improving performance of the Hungarian economy, said Finance Minister Mihály Varga who received Republican Senator Mike Crapo, Chairman of the US Senate Banking, Housing and Urban Affairs Committee in his office.

Economic trends underpin fiscal stability in Hungary

Ministry of Finance, March 13, 2019 8:32 AM

The central sub sector of the state budget closed the first two months of the year with a surplus of HUF 67.3bn, thanks to a great extent to the Government’s economic policy.

Communism was a tragedy for all of us

Ministry of Finance, February 28, 2019 11:05 AM

There is hardly any family in Hungary that was not hit hard by the Communist dictatorship in one way or another, Minister of Finance Mihály Varga, MP for the 2nd and 3rd districts of Budapest, said in Budapest at a commemoration ceremony held by the Christian Democratic People’s Party.

The Hungarian economy has been performing well for years

Ministry of Finance, February 28, 2019 11:00 AM

It is now not only the Government of Hungary that recognizes the good performance of the Hungarian economy in recent years but also credit rating agencies, Minister of State for Financial Affairs Gábor Gion said on public news broadcaster M1, commenting on the latest upgrades by Standard and Poor's and Fitch Ratings.

Hungary has been given another rating upgrade

Ministry of Finance, February 25, 2019 12:41 PM

The Hungarian economy has been given another rating upgrade; Fitch has upgraded Hungary’s rating by one category, Finance Minister Mihály Varga announced. He added that today no one can deny any more that the Hungarian economy, thanks to the hard work of the Hungarian people, is doing better and better, and could increase also in the coming years.

Hungary can be an even more attractive investment destination

Ministry of Finance, February 22, 2019 10:49 AM

“The Tax Conference, which was convened for the second time, focused on international taxation. In addition to wanting to ensure as soon as possible that multinational companies also pay the taxes that are due to the state treasury, we would like to introduce the mandatory international tax regulations in such a way that they provide enterprises with the most favourable tax environment possible and even more foreign investors choose Hungary as their base of operations”, Minister of State for taxation Norbert Izer told Hungarian news agency MTI.

Hungary’s government budget posted a surplus in January 2019

Ministry of Finance, February 22, 2019 9:46 AM

Recently implemented Government measures and prudent fiscal management have resulted in the best government budget balance of the past two decades in the month of January, Minister of Finance Mihály Varga said.

Hungary’s rating upgrade seen to attract more investment from abroad

Ministry of Finance, February 22, 2019 9:02 AM

The multi-year balanced growth of the Hungarian economy, the rate of which has been above the EU average, is expected to further improve Hungarian-Russian relations and make Hungary an even more attractive destination for Russian investors, Minister of Finance Mihály Varga said in Moscow, where he has met with Russia’s Minister of Finance Anton Siluanov and Chairman of the International Investment Bank (IIB) Board Nikolay Kosov.