ADVERTISEMENT

Hungary forecasts October budget deficit of Ft 62.8 bln

Deals

Hungary cut its annual cash-flow deficit forecast to Ft 1.76 trillion from Ft 1.77 trillion last month after revising the target to Ft 1.77 trillion from Ft 1.55 trillion in June. 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 on September 1, forecasts deficit by EU standards to decline to 3.2% of GDP by 2009 from 10.1% of GDP projected for this year. The September budget deficit was Ft 70.2 billion, compared with a government forecast of Ft 142.7 billion, the ministry said. The shortfall was narrower than expected as tax revenue was above target and state spending was lower than budgeted, the ministry said on October 9. (Bloomberg)

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

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

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.