Hungary PM Peter Magyar Flags 6.8% Deficit

Incoming PM Peter Magyar warns Hungary's 2026 budget deficit will hit 6.8% of GDP, above the revised 5% target.
Magyar claims outgoing Orban cabinet intends to deplete public funds before weekend handover, prompting pledge to restore fiscal discipline.
Currency and bond markets have rallied on expectations of policy shifts and regaining access to billions of euros EU funds.
Fitch Ratings warns of budget and growth challenges for the new administration, while Gulyas says only essential spending continues.