Analysts: 2016 budget ‘realistic’

Analysis

Analysts surveyed by MTI said they believe that the 2016 central budget presented yesterday is mostly realistic, napi.hu reported. The 2.5% GDP growth rate might be too optimistic in spite of the lower PIT rate, Erste’s Gergely Ürmössi said. 

He also raised questions regarding the 2% budget deficit, which is not justified by the planned GDP growth, as such the analyst predicts additional measures may be required to keep the budget deficit under control. ING analyst András Balatoni also expects slightly lower GDP growth for the coming year, at 2.3%, and potentially more accelerated inflation, which may have a positive effect on the budget deficit.

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