Varga: 2014 budget includes higher reserves
After attending a meeting at the Visegrád Four conference being held in Budapest, National Economy Minister Mihály Varga told local media that his government “will plan next year’s budget with higher reserves just as this year’s budget in order to ensure that the general government deficit target will be safely met,” as quoted by news service MTI.
Economy Ministry State Secretary Gábor Orbán had stated last week that budget reserves for 2013 were bigger than usual, but that the “conservative macroeconomic path [for 2014] does not justify setting aside that scale of reserves.”
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