Parliament’s budget committee head would like to hear economy minister


Laszlo Nyikos, chairman of parliament’s budget committee, would like to hold a committee meeting to ask National Economy Minister Gyorgy Matolcsy about the feasibility of the 2012 central budget targets under the current circumstances, Mr Nyikos said in a statement to MTI.

Mr Nyikos, an MP of the radical-nationalist Jobbik party, noted that such a hearing requires a written request signed by a fifth of the committee members.

The forint weakened to its lowest-ever level, the country’s risk assessment is worsening and government debt is sold at unrealistically high yields, Mr Nyikos said, noting that with chances for financing the country’s debt from the market diminishing, the government wants to negotiate a standby credit with the IMF.

"In the current situation I see it timely and justified to call a meeting of the budget committee and to hear the minister responsible for the general government at this meeting," he said.

The committee would ask the minister to provide information on the feasibility of the main targets of this year’s budget and whether there is a need to prepare a supplementary budget, Mr Nyikos said.


MKB Q1-Q3 Earnings Climb 16% Banking

MKB Q1-Q3 Earnings Climb 16%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

European Shoppers Reveal Holiday Habits  Retail

European Shoppers Reveal Holiday Habits 

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season


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.