Government could reshuffle budget without Parliament

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Legislation passed by the Hungarian Parliament today will allow the government to make decisions through government decrees on funding for various tasks, even if the necessary budget appropriation can only be ensured at a later date, Hungarian news agency MTI reported.

Before the legislation was approved, reshuffling budget appropriations, either among existing tasks or towards new goals required, except in special cases, parliamentary approval, MTI added.

Funding for such measures would only be allowed through reallocation and could not raise the deficit, while, additionally, the rule which allows the use of no more than 40% of the annual budget reserves for “extraordinary government measures” in the first half of the fiscal year will remain in force, MTI added.

Hungary’s Cabinet Chief János Lázár submitted the bill to Parliament in late February, and Hungary’s National Economy Minister was added as the other representative of the government during the parliamentary debate of the bill on March 9, according to MTI.

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