Government to submit 2017 budget plan on April 26
The Hungarian government is planning to submit a draft of the 2017 budget to Parliament on April 26 so MPs can vote on it on the last day of the spring session at the latest, according to a document posted on the website of the National Economy Ministry, Hungarian news agency MTI reported today.
The various government departments are expected to send their chapter-based budget proposals to the Economy Ministry by April 1. Following government-level discussions, a budget proposal is expected to be submitted by the end of April and the chapter-specific draft could be submitted to Parliament on May 6.
While drafting the budget, the government is also working on an update of the Convergence Program for the European Commission which will likely be submitted in April.
The 2017 budget will concentrate on increasing employment, achieving economic stability and continuing to decrease the ratio of government debt compared to GDP.
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