Government to submit budget draft to Fiscal Council

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After revealing the draft budget for 2015, the National Economy Ministry will submit it to the Fiscal Council today, the ministry informed Hungarian news agency MTI. The final budget will be published by the end of this month.

The budget drafts contains efforts to make 2015 the year of holding banks accountable, leaving families with more money and strengthening domestic demand, the ministry said. The government also aims to launch a large-scale reduction of bureaucracy to improve competitiveness, it added.

The government is scheduled to submit the budget bill to the Parliament no later than October 31, as required by law, the ministry said. The draft will be made public upon its submission, it added.

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