Gov’t releases HUF 20 bln in frozen general reserves

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The Hungarian government released HUF 20 bln from the budget's general reserves, official gazette Magyar Közlöny revealed today. The amount was part of the HUF 110 bln of combined expenditures frozen in July.

The budget for this year included a total of HUF 113 bln in general reserves set aside for "extraordinary government measures" in the budget of the Prime Minister's Office led by János Lázár. Péter Bánai, state secretary of the Economics Ministry, said in July that the government is expected to decide in December whether to free up or cancel the frozen appropriations.

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