29/05/2026 (Agence Europe) – In its spring economic forecast, compiled using late April as the cut-off date, the European Commission projects that Hungary’s public deficit will reach 6.2% of national GDP in 2026, whereas Viktor Orbán’s previous government had pledged to bring it back below the 3% threshold of national GDP (see EUROPE 13872/7). “The situation is dire”: the Hungarian deficit will approach “7%” of GDP this year, a European official said on Friday 29 May. He indicated that Péter Magyar’s new government would request, “in the coming days”, a revision of the multiannual budgetary programme, which establishes the public expenditure growth trajectory that a Member State must adhere to over a four to seven year period. This will allow time to clarify the country’s fiscal situation, the European official noted. (MB)