News about deficit: events, facts and developments on tafs uz.
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Fitch Ratings assessed Hungary's 2027 draft budget and medium-term deficit targets as supportive of the government's plan to join the eurozone by 2030. The deficit is planned to fall from 7.5% of GDP to 4.9% in 2027, but Fitch warns of difficulties in implementing the plan and high public debt.
Sevara AzamovaFrance's National Assembly rejected Article 7 of the 2027 social security financing bill, which was to raise €3.7 billion ($4.1 billion) by cutting employer contribution exemptions. The government warns this jeopardizes the plan to reduce the deficit from €21.8 billion in 2026 to €12.7 billion in 2027.
Javlon TursunovRussian Finance Minister Anton Siluanov, speaking at a State Duma session, said the average federal budget deficit in 2027–2029 will be about 2% of GDP. He called this level small given the tasks facing the country and noted it is below the G20 average of about 5% of GDP.
Javlon Tursunov
