Hungary recorded a Government Budget deficit equal to 8.10 percent of the country's Gross Domestic Product in 2020. source: Hungarian Central Statistical Office

Government Budget in Hungary averaged -4.90 percent of GDP from 1995 until 2020, 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 September of 2021.

Government Budget in Hungary is expected to reach -6.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Government Budget is projected to trend around -5.00 percent of GDP in 2022 and -3.50 percent of GDP in 2023, according to our econometric models.

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Hungary Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -2.10 -1.80 -9.30 1995 - 2020 percent of GDP Yearly

Hungary Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.40 65.50 84.10 52.30 percent of GDP [+]
Government Budget -8.10 -2.10 -1.80 -9.30 percent of GDP [+]
Government Budget Value -97.00 -103.00 434.90 -2250.00 HUF Billion [+]
Government Spending 1047425.00 1020803.00 1204654.00 534765.00 HUF Million [+]
Government Spending to GDP 51.60 45.70 55.20 45.70 percent of GDP [+]
Government Revenues 2234.41 1910.60 3006.32 127.61 HUF Billion [+]
Government Debt 37836.52 37415.29 37836.52 11760.69 HUF Billion [+]
Fiscal Expenditure 2333.61 2302.58 5256.80 149.46 HUF Billion [+]
Military Expenditure 2463.00 2051.00 4612.00 1054.00 USD Million [+]
Credit Rating 58.00 [+]
Asylum Applications 5.00 5.00 46720.00 0.00 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.