Hungary to Delay Excise Tax Hike to After Elections, Index Says

Hungary plans to postpone planned excise tax increases by six months to July 2026 to protect jobs and industries, Economy Minister Marton Nagy told news site Index.

• The move may cost the budget HUF10b-15b ($30m-$45m)
• NOTE: Hungary plans to hold elections in 2Q next year, with the vote likely to take place in April
• NOTE: Nagy said this week that this year’s deficit may miss the most recent 4.1%/GDP target, and may be as high as 4.5%

To contact the reporter on this story:
Marton Kasnyik in Budapest at mkasnyik1@bloomberg.net

To contact the editor responsible for this story:
Zoltan Simon ...