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2012 budget targets achievable, says Járai

Next year's budget targets are achievable, and realistically low, Fiscal Council chairman Zsigmond Járai told a meeting of economists on Thursday.

The budget draft submitted to the Fiscal Council assumes a realistic macroeconomic path, Járai said at the 49th conference of the Hungarian Economists Society.

Although Hungary is not at the centre of the crisis, it remains extraordinarily vulnerable, thus it is necessary to accelerate structural reforms, he said.