Hungary's fiscal consolidation will be slower than expected, Fitch Ratings says

Hungary's fiscal consolidation will be slower than expected, Fitch Ratings said on Wednesday citing its updated forecasts, adding that recently flagged tax cuts could create additional risk to its deficit and debt projections amid weak growth.

"Our updated forecast shows a slower fiscal consolidation in 2026-2027 than we have anticipated in June, given the recently announced additional easing measures and weaker growth," Fitch Ratings Director Malgorzata Krzywicka said.