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Official: Next yearʼs budget prepares for Greek crisis

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The Hungarian government has applied “safeguards” to next yearʼs budget as countermeasures for the possible impact of the Greek crisis on Hungary, state secretary for fiscal affairs Péter Benő Banai said on state-owned news channel M1 late yesterday.

Banai said the 2016 budget contains more than HUF 200 bln in reserves. He also reiterated National Economy Minister Mihály Varga’s earlier comments that there are no Greek-owned banks in Hungary, and only 0.4% of the countryʼs exports go to Greece, as such the impact of the crisis on Hungary is expected to be minimal.


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