Economics
Hungary Unveils Windfall Taxes, $6.1 Billion in Spending Cuts
- Premier Orban publishes decrees to consolidate budget
- Windfall taxes to hit sectors including banking and energy
Lights illuminate the city skyline and the Chain Bridge at night in Budapest.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
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Hungarian Prime Minister Viktor Orban used his emergency powers to publish decrees on a sweeping set of windfall taxes and to order about $6.1 billion in spending cuts for this year and next.