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    Home > Headlines > Hungary's Orban says proposed new budget will 'ruin the EU'
    Headlines

    Hungary's Orban says proposed new budget will 'ruin the EU'

    Published by Global Banking & Finance Review®

    Posted on July 18, 2025

    1 min read

    Last updated: January 22, 2026

    Hungary's Orban says proposed new budget will 'ruin the EU' - Headlines news and analysis from Global Banking & Finance Review
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    Tags:European Commissionfinancial marketseconomic growthbudget credibilitypublic policy

    Quick Summary

    Hungarian PM Viktor Orban criticizes the EU's proposed budget, warning it could ruin the EU due to strategic flaws and controversial allocations.

    Table of Contents

    • Orban's Critique of the EU Budget
    • Concerns About Strategic Foundations
    • Predictions for the Budget's Future

    Orban Critiques EU's Proposed Budget, Warns of Potential Ruin

    Orban's Critique of the EU Budget

    BUDAPEST (Reuters) -The European Commission's proposed new budget lacks clear strategic foundations and would ruin the European Union, Hungarian Prime Minister Viktor Orban told state radio on Friday.

    Concerns About Strategic Foundations

    "This budget would ruin the European Union. This budget I believe will not survive even next year, the Commission will either have to withdraw it or the Commission will have to backtrack step by step," Orban said, criticising plans to allocate money to Ukraine and planned changes to farm subsidies.

    Predictions for the Budget's Future

    (Reporting by Krisztina Than; Editing by Jacqueline Wong)

    Key Takeaways

    • •Viktor Orban criticizes the EU's proposed budget.
    • •Orban believes the budget lacks strategic foundations.
    • •Concerns include funding for Ukraine and farm subsidies.
    • •Orban predicts the budget may not survive the next year.
    • •The European Commission may need to revise the budget.

    Frequently Asked Questions about Hungary's Orban says proposed new budget will 'ruin the EU'

    1What is the European Commission?

    The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.

    2What is economic growth?

    Economic growth refers to the increase in the production of goods and services in an economy over a period, typically measured by the rise in gross domestic product (GDP).

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