Fitch Analysis: The Raised Budget Deficit Target Also Indicates that the Hungarian Government Faces Serious Public Financing Challenges
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4 Articles
According to Fitch, the current deficit forecast reflects weaker economic growth, significant pre-election fiscal measures, spending commitments not fully included in the previous budget, and the costs of the drought and energy crisis.
The increased budget deficit target also indicates that the Hungarian government is forced to face significant public financing challenges, Fitch Ratings said in its new situation assessment presented in London.
Fitch has published its assessment of the situation.
The Hungarian government's increased budget deficit target for 2026 points to serious fiscal challenges, which is particularly worrying given the negative outlook and near-bullish BBB rating, according to an analysis sent to Portfolio by credit rating agency Fitch Ratings. The deterioration in the fiscal position is due to weak economic growth, the heavy spending by the ousted Viktor Orbán government before the elections, and previously unaccoun…
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