ADVERTISEMENT

Govt calculations show different deficit than IMF, says PM spokesman - TV

History

The calculations of the Hungarian government produce different results on the fiscal deficit than the calculations of the International Monetary Fund, Prime Minister’s spokesman Peter Szijjarto said on public television late Wednesday.

"Our calculations show something entirely different," Mr Szijjarto said on m1’s Este programme, hours after the IMF projected Hungary’s general government deficit would reach 3.9% of GDP in 2012 and 4.1% of GDP in 2013.

The government targets fiscal deficits under 3% of GDP in both years.

Asked if the government could break from its "unorthodox economic policy", Mr Szijjarto said, "Extraordinary times call for extraordinary economic measures."

He said the government believes the European economy will soon come out of the crisis and the eurozone debt crisis will end, which will support the continuation of transparent, predictable economic policy in all member states.

Mr Szijjarto said the Hungarian government’s economic policy and the minister who implemented it were "extraordinarily successful".

ADVERTISEMENT

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

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

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.