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Budget policy

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EU Commission: Hungary GDP growth at 2.8pc in 2011

MTI
Nov 30, 2010

The European Commission projects Hungary's economy will expand by 2.8 % in 2011, unchanged from its projection in the spring. The Commission forecasts that Hungary will meet the 3.8 % public finance deficit target for 2010 but will overshoot the respective targets for 2011 and 2012.

György Kopits |

Fiscal Council says 2011 budget lacks transparency

MTI
Nov 8, 2010

Hungary's independent Fiscal Council says the 2011 budget draft submitted to Parliament does not show in sufficient detail how the government arrived at the main budget figures from its macroeconomic assumptions, significantly restricting transparency

György Matolcsy |

Government plans budget revenue rise, spending cuts

MTI
Nov 5, 2010

Hungary's budget revenue is expected to increase by HUF 1,000 bn (EUR 3.64 bn) annually in the 2013-2015 period as a result of the government's measures to boost jobs and cut state spending, Economy Minister György Matolcsy said on Friday.

György Kopits

Fiscal Council: credibility may ease burdens

Sándor Laczkó
Aug 18, 2010

Although there are tensions in the Hungarian national budget this year, the undertaken target, 3.8 per cent of GDP, can still be met with strict control. That is according to the analysts of the Fiscal Council of the Republic of Hungary. Their latest report calculates with roughly HUF 70 billion overrun in the budget, but they believe this much can be controlled with consistent fiscal stringency.

DUna Elektronika Dell
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