Hungarian Conservative

As of the end of 2023, Hungary’s national debt stood at 55.134 trillion HUF, 73.5 per cent of its GDP. Its debt-to-GDP ratio is considerably lower than that of the Eurozone countries, the collective debt of which amounts to 90.3 per cent of their combined GDP.

‘It may very well be that in a few decades’ time, it will become clear to all analysts that the US’s rise to being a hegemonic power has carried the seeds of its downfall, too.’

Viktor Orbán discussed the recently announced pension raise on public radio today. As for the broader topic of inflation, he expressed his conviction that his government will curb it by the end of the year, down to single digits, opining that it could be as low as 4–6 per cent next year.

‘Indeed, things are getting so difficult for Xi’s authoritarian directives…China’s economy actually fell into deflation in July, while factory-gate prices also extended declines—its debt is three times its GDP in 2022. Beijing’s consumer price index, the main gauge of inflation, fell 0.3 per cent in July, the National Bureau of Statistics of China (NBS) said, after having flatlined in June.’

According to the National Bank of Hungary, the ratio of gross government debt to GDP improved significantly last year.