Hungary PM Magyar says tax reform could come later


Reuters | Updated: 21-05-2026 15:39 IST | Created: 21-05-2026 15:39 IST
Hungary PM Magyar says tax reform could come later

​Hungarian Prime ​Minister Peter Magyar ‌said on ​Thursday that his government would create ‌a level playing field for local and foreign investors and reform taxation but ‌first it would pass a ‌new budget for 2026 after runaway spending by its predecessor.

Speaking at a ⁠press ​conference ⁠in Vienna after meeting Austrian Chancellor Christian ⁠Stocker, Magyar said he asked for "some ​patience" before his government could ⁠look at a special retail tax that ⁠former ​prime minister Viktor Orban levied on retailers, and which ⁠was criticised by Austria. Magyar said taxes ⁠could ⁠be discussed in the medium and long term.

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