US budget deficit hits $2T, largest since 2021, as debt costs rise
Published 8 h ago2 sourcesEvidence: Reported
Prime Minister Péter Magyar presented the TISZA government's 2027 budget, projecting a deficit of 4.9% of GDP, below consensus. The forint strengthened significantly on the announcement, indicating market approval. The budget's credibility and implementation remain uncertain, but the initial market reaction is positive.
Hungary's TISZA government, led by Prime Minister Péter Magyar, has presented a 2027 budget targeting a 4.9% deficit, which is below consensus and has led to a significant strengthening of the forint. The government projects deficits of 4.9%, 4%, and 3.4% over the next three years, with a plan to achieve a sub-3% deficit by 2030. The credibility and implementation of this multi-year fiscal adjustment plan remain uncertain.
Published 8 h ago2 sourcesEvidence: Reported
Published 21 h ago8 sourcesEvidence: Reported
Published 22 h ago6 sourcesEvidence: Reported
Published 1 d ago7 sourcesEvidence: Reported
Published 1 d ago10 sourcesEvidence: Reported
Published 1 d ago6 sourcesEvidence: Reported
Published 1 d ago6 sourcesEvidence: Reported
Published 1 d ago3 sourcesEvidence: Reported