ADVERTISEMENT

Govt to discuss ways to fill HUF 100 bln 'hole' on Mon, Tues

Interview

The government will discuss the necessary measures to fill a HUF 100 billion "hole" in this year's central budget at cabinet meetings on Monday and Tuesday, National Economy Minister György Matolcsy said on Thursday.

Decisions will be taken on measures such as ones that increase the efficiency of tax collection, Matolcsy said.

The government will also make a second reading of the 2012 budget draft at the meetings, he said.

Early estimates put Hungary's GDP growth at 2% or lower this year, which would add HUF 80 billion-100 billion to the general government deficit, state secretary of the Prime Minister's Office Mihály Varga said at the weekend. To fill this "hole", the government would not take a single big step, but 8-10 smaller measures that would each narrow the fiscal gap by HUF 10 billion-20 billion, he added.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

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.