Hungary’s government has maintained its goal of adopting the euro by 2030, even as the projected budget deficit for 2026 widened to 7.5% of economic output.
Finance Minister András Kármán reiterated the commitment on Tuesday, stating that the objective remains unchanged despite fiscal pressures. The projection, announced by the ministry on Monday, marks an increase from the central bank’s June estimate of 6.5%, which itself had been revised upward from a March forecast.
The deficit expansion reflects elevated pre-election spending under former Prime Minister Viktor Orbán’s administration, according to officials. Despite the fiscal deterioration, Hungary continues to describe itself as pro-European Union, aligning with the bloc’s economic integration goals.
The government’s adherence to the 2030 euro adoption timeline contrasts with the widening fiscal gap, underscoring its policy priorities amid broader economic challenges.
