Orbán, a long-standing ally of Trump, had been invited to attend the 20 January ceremony in Washington DC, along with other right-wing world leaders, including Javier Milei of Argentina and Giorgia Meloni of Italy.
Trump's decision to invite world leaders like Orbán to his inauguration broke with decades of tradition, as foreign heads of state do not usually attend the swearing-in of new US presidents.
The Hungarian prime minister will not travel to the US, but will instead deliver a presentation in Budapest that day focusing on his country's recent EU presidency.
Orbán praised Trump after their meeting last year, expressing confidence that the Republican leader would end Russia's war in Ukraine if elected.
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