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
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.
