ADVERTISEMENT

Hungary sees November budget deficit at Ft 230.4 bln

Tourism

Hungary said it expects its budget deficit to reach Ft 230.4 billion ($1.1 billion) in November, the Finance Ministry said.

Hungary expects a deficit of 2.06 trillion forint for the full year, the Budapest-based ministry said in a report today. It maintained its deficit goal of 10.1% of gross domestic product for 2006. Prime Minister Ferenc Gyurcsány is raising taxes, boosting regulated energy and drug prices and cutting government jobs to trim the deficit. Hungary's plan on adopting the euro, submitted to the European Commission September 1, forecasts the deficit by EU standards to drop to 3.2% of GDP by 2009. (Bloomberg)

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.