The European Commission announced in a comprehensive report on the state’s public finances that Hungary is not exposed to short-term fiscal threats. The country’s fiscal sustainability was labelled as low both for the short- and long-term. This findings are based on the assumption that the government’s fiscal consolidation plans are fully implemented and fiscal balance is sustained at the 2014 target level way beyond that year. The European Commission is advising Hungary to make lowering its government debt a top priority.
