European Commission 16 January 2025, Recommendation for a COUNCIL RECOMMENDATION endorsing the national medium-term fiscal-structural plan of Hungary

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The document outlines the European Commission's recommendation for the Council to endorse Hungary's national medium-term fiscal-structural plan, which aims to address an excessive government deficit and ensure compliance with the EU's economic governance framework. Key provisions include a commitment to a net expenditure path that maintains the government deficit below 3% of GDP and a gradual reduction of general government debt over the adjustment period from 2025 to 2028. The application and enforcement of this plan will involve ongoing assessments by the Commission and recommendations to the Council to ensure adherence to the outlined fiscal commitments and reforms.AI