Orban to Delay Fuel Excise Tax Hike to After Hungary’s Election

Hungary will delay a hike in the excise tax on fuel to July from January, Prime Minister Viktor Orban says.

• Move to reduce tax income by about HUF20b ($60m)
• Measure part of a HUF80b-HUF90b package of tax breaks aimed at small companies
• Increased windfall tax on banks, announced last week, to help finance tax cuts
• NOTE from Nov. 11:Orban to Loosen Budget, Squeeze Banks for Election Spending

To contact the reporter on this story:
Marton Kasnyik in Budapest at mkasnyik1@bloomberg.net

To contact the editor responsible for this story:
Zoltan Simon at zsimon@bloomberg.net

© 2025 Bloomberg L.P. All rights reserved. ...