According to the report, there will be a positive transformation of the external mutation, the maintenance of internal consumption, and changes in investment dynamics to achieve economic growth by 3 percent or higher. Promoting consumer and companies will be necessary in the economy. According to KT, the growth rate may rise to 4 percent in 2026 and then return to the range 2.5-3.5 percent by 2027 file.
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With regard to inflation, KT expects the annual average in 2025 to exceed 3.2 percent in the budget law and may exceed 4 percent. This year, the inflation band is expected to be 4-5 percent. KT emphasizes that the strict budget policy is required to avoid excessive deficit procedures.
There will be difficulties
The report defines many challenges and risks, such as increasing the share of foreign currency debt within the public debt, which is closely related to the development of Forint.
The planned pace of wage increases is also higher than the increase in net expenditures and the expected dynamics of pension expenses that exceed the growth rate of net national funding expenses. In order to achieve balance goals, investment costs are not raised to the government, so they cannot contribute to increasing the investment rate.
According to the KT analysis, the structural plan for the government's medium -range budget requires a strict budget policy than the most dynamic growth path for government diagnosis in the 2025 budget. However, with a narrow increase in net expenses, balance goals can be achieved even if economic growth is less than the pace of government expectations .
