Hungary recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2019.

Government Budget in Hungary averaged -4.78 percent of GDP from 1995 until 2019, reaching an all time high of -1.80 percent of GDP in 2016 and a record low of -9.30 percent of GDP in 2006. This page provides - Hungary Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Hungary is expected to reach -5.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Government Budget is projected to trend around -4.40 percent of GDP in 2021 and -3.90 percent of GDP in 2022, according to our econometric models.

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Hungary Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -2.10 -1.80 -9.30 1995 - 2019 percent of GDP Yearly

Hungary Government Last Previous Highest Lowest Unit
Government Debt to GDP 66.30 70.20 84.10 52.30 percent [+]
Government Budget -2.00 -2.10 -1.80 -9.30 percent of GDP [+]
Government Budget Value -328.00 -785.50 434.90 -907.60 HUF Billion [+]
Government Spending 856773.00 1032762.00 1032762.00 534765.00 HUF Million [+]
Government Spending to GDP 46.10 46.70 55.20 46.10 percent [+]
Government Revenues 1119152.00 1018292.00 2197021.00 127614.00 HUF Million [+]
Government Debt 31853.25 31156.73 31853.25 11760.69 HUF Billion [+]
Fiscal Expenditure 1743408.00 1317687.00 2665025.00 149458.00 HUF Million [+]
Military Expenditure 1568.00 1463.00 4580.00 1047.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 10.00 5.00 46720.00 5.00 persons [+]


Hungary Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.