Hungary election winner will have to rein in social spending, S&P says [Yahoo! Finance]
S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
in social spending to shore ?up state finances amid risks to an economic recovery from the global energy ?price shock, S&P Global said. Hungary's budget deficit reached nearly 40% of the full-year target in the first two ?months of this year amid heavy spending by right-wing Prime Minister Viktor Orban ahead of the ballot, where the veteran leader faces the toughest challenge to his 16-year rule. S&P said no apparent re-balancing of the medium-term fiscal position after the elections, in combination with rising external pressures, ?could trigger a ratings downgrade. "We ?would anticipate that the incoming government after the 2026 election (regardless of the government composition) will need to engage in consolidation efforts to rein in ?the trajectory of social spending," S&P told Reuters in an emailed reply to queries. Orban has said no austerity would be needed after the election to rein in the shortfall, which has exceeded ?government ?forecasts in the past years and is se
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SPGI
Earnings
- 2/10/26 - Miss
SPGI
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- SPGI's page on the SEC website