Fitch flags Hungary's widening budget deficit, fiscal strain

Fitch Ratings has raised concerns over Hungary's fiscal trajectory after the government revised its ESA-based deficit target for the year to 7.5% of GDP, up from a previous estimate. The revision signals mounting public finance challenges and could pressure Hungary's credit rating and market sentiment. The exact previous target and Fitch's rating action remain unspecified, but the move underscores deteriorating fiscal discipline.