Hungary's new Tisza government posts 424 billion forint surplus, cuts deficit in June

Hungary's central government accounts recorded a 424 billion forint surplus in June, reversing a deficit and bringing the six‑month shortfall down to 3 382 billion forints—about 80.2 % of the legally set 2026 target. The surplus follows a May surplus of 43.5 billion forints and marks the first two consecutive months of positive balances under the Tisza‑party administration led by Finance Minister Kármán András.

Revenue gains drove the improvement: tax and payroll collections were 6 % higher than a year earlier, with value‑added tax up by 178 billion forints and payroll‑related taxes rising by roughly 625 billion forints. State investment spending increased by nearly 100 billion forints, largely for road projects, while housing subsidies and pension outlays also grew. Despite the monthly surplus, the central budget still shows a deficit of 3 271 billion forints, with separate social‑security funds in deficit and other state funds recording a modest surplus.

The government attributes the turnaround to tighter fiscal discipline after the previous administration left a deficit that had reached historic levels, and it plans a full review of the remaining 2026 budget.