2012 budget step in right direction, says State Audit Office head

History

State Audit Office (ÁSZ) head László Domokos told MPs in Parliament on Wednesday that the government's 2012 budget bill was a step in the right direction, mainly because it reduces gross central budget debt.

Domokos gave a positive assessment of the roughly HUF 400bn in reserves in the 2012 budget, a larger amount than in earlier years. But he said ÁSZ's assessment of the budget bill had been made difficult by the lack of information on legislation governing the National Defense Fund, which is part of the reserves. He added that creating the new fund was still a positive step.

ÁSZ calculated that 63.6% of targeted tax revenue in the 2012 budget is achievable. It views 6.8% of revenue as "high risk".

Domokos complained that, as in earlier years, ÁSZ had had hardly any of the necessary supplemental calculations on which the budget bill was based to work with.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.