VAT might be decreased for some products or services and increased for others, the solidarity tax might be abolished, etc,but the governing party MSzP will not diverge from the convergence program, he emphasized. At any rate, the tax decreases might cost a few hundreds of billions of forints.
An early election would harm Hungary, since it would not enhance confidence and stability, as examples show, Veres said. The negotiations about how the 2009 budget law can be passed has started, within and outside MSzP. “Bleaching” the economy might yield a Ft 50 billion surplus in the budget in 2009. There will be decreases in expenditure and some revenue from the rearrangement of the tax system.
The ministry also calculated the effects of a flat income tax, and the party rejected the idea, said Veres. All parties who agree with a 3.2% budget deficit in 2009 will support the budget bill. (Gazdasági Rádió)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
