Govt wants to raise 2013 deficit target

History

Hungary's government wants to raise the deficit target for next year's budget from 2.2% to 2.8% of GDP, daily Magyar Nemzet said on Wednesday, citing a government source.

Raising the deficit target would create HUF 130 billion-150 billion more room for manoeuvre, the paper said.

Parliament approved late in September an amendment that creates the possibility to change the 2013 budget's main figures if required to reach an agreement with the International Monetary Fund and the European Union.

The main figures of the 2013 budget were approved by Parliament in July.

Hungary is seeking precautionary financial assistance from the IMF and EU.

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