The government calculates with GDP growth of 1.6-1.7% in Hungary in 2026, Finance Minister András Kármán said fielding questions at a hearing before parliament's European Affairs Committee on Thursday.
The minister put 2027 GDP growth "over 2%". He acknowledged the impact of the outlook for growth on the budget deficit.
András Kármán said European Union finance ministers had unanimously approved Hungary's modified Recovery and Resilience Facility (RRF) plan at a meeting in Brussels a week earlier. The decision unlocks more than EUR 10 billion in resources, but Hungary could access a further EUR 6.4 billion in cohesion funds if it fulfills certain conditions, he added.
As part of the Hungarian RRF program, EUR 1.5 billion has been allocated for the expansion and modernization of the electricity grid, which will enable the integration of an additional approximately 1,000 megawatts of renewable energy into the grid. A total of EUR 1.8 billion will be available for the development of public transportation; of this, EUR 1 billion will be used to replace 200 rail cars, while an additional EUR 800 million will finance the purchase of new suburban rail trains.
The minister affirmed the government's commitment to restoring rule of law and said a significant part of the super milestones on which payouts of the funding hinged had already been met, ahead of the end-August deadline.
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