Good news: Hungary’s tax-to-GDP ratio decline is the biggest in the EU

Hungary’s Finance Minister Varga said last year’s fall in Hungary’s tax-to-GDP ratio was the worst in the European Union, citing data compiled by Eurostat.

According to Eurostat data, Hungary’s tax and social contribution share of GDP has fallen from 36.1% in 2020 to 34.0% in 2021. 2021. “The government continues to cut taxes this year, cutting her employer’s taxes by 600 billion forints (1.46 billion euros), and in 2022 he maintains his top position among the EU countries.” said Varga on his Facebook.

sauce: MTI