2012 budget bill is stable, predictable and task-centered - Matolcsy

Analysis

The government's 2012 budget bill is stable, predictable and task-centered, National Economy Minister György Matolcsy told MPs on Wednesday, before the start of general debate of the bill.

Matolcsy said the budget bill implements 82% of the targets set down in the Széll Kálmán Plan, a structural reform program unveiled in the spring.

The bill targets a general government deficit equivalent to 2.5% of GDP, down from 2.94% targeted for 2011.

It projects 4.2% annual average inflation and at least 1.5% GDP growth. Household consumption is seen edging up and investments are set to rise about 3%, Matolcsy said.

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