Budget manages surplus of Ft 95 bln - Hungary
Ministry of Finance is expecting a general government surplus of Ft 95.1 billion (€387 million, $535 million) in July 2007 compared to Ft 33 billion in the H1 of 2006, Miklós Tátrai announced yesterday.
Government budget deficit is expected to be Ft 1,215 Billion (€4,94 billion $6,83 billion), 4.8% of the GDP by the end of September – not including the outcome of local governments -; and Ft 1,529 billion, 6% of the GDP, by the end of the year. The income from corporate taxes and VAT stayed below the expected level, while vehicle registration tax and personal income tax revenues exceeded it. Social security funds had a Ft 27.7 billion surplus by July 2007, compared to Ft 34 billion deficit expected for the period and the Ft 161.5 billion deficit accumulated in the H1 of 2006. (Gazdasági Rádió, Napi Gazdaság)
ADVERTISEMENT
Matolcsy Advocates Euro Adoption Only After 2030
Parl't Approves Amendments to Legislation on Judiciary
Hungary Home Stock Grows as Population Declines
New MTÜ Campaign Invites Tourists to Relax at the Waterfront
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.
