Hungary Backs Wealth Tax, Euro, Fiscal Transparency, Karman Says

Hungary’s new government will improve fiscal transparency to prepare the economy for euro adoption and make taxation for companies and individuals more equitable, incoming finance minister Andras Karman tells confirmation hearing on Tuesday.

• Prime Minister Peter Magyar’s cabinet seeks to meet all euro criteria by 2030
• Government to amend 2026 budget by end of summer and will base next year’s projections on “conservative” estimates, Karman says
• Will wait until the autumn to prepare the next year’s budget once it has more visibility on outlook, compared with previous government’s summer fiscal plan that needed multiple revisions
• Will introduce income-tax credit ...