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RE: LeoThread 2025-01-10 07:20

in LeoFinance11 hours ago

Part 6/8:

Hungary's questionable fiscal practices have drawn repeated interest and reprimands from the EU. The government was one of eight nations warned by Brussels last month for breaching spending rules. Failing to rectify its budget could lead to fines of 0.1% of GDP annually, although such penalties have never been enforced.

With Orban tasked to develop a compromise fiscal plan for 2025 to 2028 by mid-January, the future remains uncertain. The options for addressing the deficit appear limited to either tax increases or fostering economic growth, both of which are increasingly complicated by Hungary's stagnant economy.