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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

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

European Commission financial markets economic growth budget credibility public policy

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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.

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

Orban's Critique of the EU Budget

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

What 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.

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

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

Orban's Critique of the EU Budget

Concerns About Strategic Foundations

Predictions for the Budget's Future

Key Takeaways

Frequently Asked Questions

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