ADVERTISEMENT

Central Bank updates budget analysis

History

Hungary’s ESA general government deficit could reach 3.2% of GDP in 2012, according to an update of the National Bank of Hungary’s "Analysis of the Budget" published on Tuesday.

Originally published on October 20, the analysis was updated to show the possible effects of changes to the 2012 budget bill and other measures in the period till November 30.

The 3.2% figure is just one-tenth of a percentage point over that in the original report but well over the government’s 2.5% target.

The central bank’s experts calculated with the same macroeconomic assumptions as in the October analysis, thus changes since, such as the weakening forint, could add another 0.2-0.4 percentage point to the deficit.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.