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The core values of the Hungarian Socialist Party revolve around the principles of social democracy, which emphasize social justice, equality, and the protection of social welfare. The party advocates for policies that aim to reduce income inequality, provide comprehensive social security, and ensure that the benefits of economic growth are distributed fairly across all segments of society. It supports a strong role for the state in regulating the economy, protecting workers' rights, and providing public services such as healthcare and education to all citizens, regardless of their economic status.

Environmental protection and the promotion of sustainable development are also important to the MSZP, reflecting a broader concern for social responsibility and the well-being of future generations. The party believes in the importance of addressing climate change and protecting natural resources, integrating these priorities into its broader social and economic policies.

On the international stage, the Hungarian Socialist Party is pro-European and supports Hungary's continued integration into European Union structures. It advocates for a strong, united Europe that can address global challenges collectively, from economic instability to security threats and environmental issues. The party is a member of the Party of European Socialists (PES), aligning itself with other social democratic parties across the continent.

Throughout its history, the MSZP has experienced various degrees of electoral success, including periods in government where it has had the opportunity to implement its policies. However, like many social democratic parties across Europe, it has also faced challenges in recent years, including declining membership and electoral support. Despite these challenges, the Hungarian Socialist Party remains a significant player in Hungary's political landscape, advocating for policies and values that prioritize social justice, equality, and the welfare of all citizens.