Govt decree freezes HUF 577 bln in residuals to keep budget balance
A government decree published on Monday requires central budget-funded institutions as well as the health and social insurance funds to freeze HUF 577 billion in residuals this year to maintain the balance in the 2011 budget.
The decree, published in official gazette Magyar Közlöny, also freezes another HUF 37.5 billion in spending for this year at central budget-funded institutions.
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.