Govt looks to keep future road costs off budget
Friday, October 7, 2005, 11:19
The government is looking for ways to keep the costs of motorway construction from swelling the shortfall in the future, and is in talks with Eurostat, the EU's statistical office, about ways to finance road building that won't count toward the deficit, Finance Minister János Veres said at a press conference in Budapest on Friday. A ruling by Eurostat that Hungary will need to include all motorway costs in this year's budget will swell the shortfall to 6.1% of GDP, more than twice the rate required for euro adoption. We will find a way to finance motorway construction without burdening the budget. We need determination and we also need political will and support to do it, he said.