Central Bank admits blowing whistle on budget maneuver
Monday, September 19, 2005, 23:17
The National Bank (MNB) acknowledged drawing EU statistics office Eurostat?s attention to the government?s central budget accounting maneuver aimed to cut Hungary?s deficit this year to the intended 4.7%, daily Népszabadság reported. In a meeting preparing a session for finance ministers, MNB deputy chairman György Szapáry last week voiced his doubts in connection with Hungary?s motorway funding issue and requested Eurostat to mount an investigation, which concluded an unfavorable report. Eurostat was originally to make a report on the member countries? 2005 budgets next August.